Tremblant Capital Adds Over 7M Shares of Red Hat (RHT), Boosts Stake to 5.95%
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In a 13G filing on Red Hat Inc. (NYSE: RHT), Tremblant Capital a 5.95% stake (11,562,153 share) in the company. The firm held 4,229,324 RHT shares at the quarter ended 12/31/07. A 13G indicates a 'passive investment'.
Red Hat provides open source software solutions to enterprises. Shares are up 5% today after reporting better-than-expected Q4 results.
Tremblant Capital Group is a $4.5 billion New York-based hedge fund. Tremblant's objective is to achieve superior risk adjusted returns for investors through their focused and disciplined investment process. Tremblant Capital was founded in 2001 by Brett Barakett, a former portfolio manager at Moore Capital Management LLC. Barakett is the brother of Atticus Capital LLC founder Timothy Barakett. [LJ]
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