Swedish hedge fund aims at major Pearson shake-up
RUTHLESS hedge fund Cevian Capital today took a stake in Pearson in a bid to shake up the education publisher.
The Swedish firm - renowned for targeting firms with weak profitability and complex structures - will use its 5.4% holding to seek a seat on the board and influence who becomes its new chief executive after John Fallon leaves.
Fallon said he would step down in December once a replacement had been found but as yet no one has been hired.
Cevian's managing partner Christe...