Activist Toms Capital urges Voya Financial to seek sale
Toms Capital urged Voya Financial to explore a sale citing its trading discount to peers. The fund noted Voya remains a strong firm despite underperformance.
Xurve View
Insights:
Xurve View
Toms Capital Investment Management is urging VOYA FINANCIAL INC to explore a sale to address a persistent trading discount. The activist hedge fund, a top shareholder, claims management indecisiveness has caused the insurer to underperform its industry rivals. A potential deal would consolidate a firm overseeing $1.1 trillion in assets under management and administration.
