One of the hedge funds that played a key role in the restructuring of Team Tankers has trimmed its stake in the company.
GLG Partners today revealed a reduced 8.64% holding in the Oslo-listed company.
GLG, fronted by Teun Johnston and Mark Jones in London, held 10.9% of Team after it completed a financial overhaul in early 2015.
Other key shareholders involved in that effort included Solus, the hedge fund founded by Christopher Anthony Pucillo, Cerberus European Investments and Barclays Bank.
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