King Street Activist Battle Draws Attention to its Recent Spotty Performance

The super-secretive debt and event-driven firm is trying to revamp the board of directors of Toshiba.

(Kiyoshi Ota/Bloomberg)

(Kiyoshi Ota/Bloomberg)

The folks at King Street Capital Management took a rare step in front of the spotlight when they decided to launch a public fight with Japanese conglomerate Toshiba.

The global long-short credit and event-driven firm fired off a letter on Monday to Toshiba chairman and chief executive officer Nobuaki Kurumatani announcing its intention to nominate a slate of independent directors, including King Street co-founder Brian Higgins, to replace a majority of the board at the company’s 2019 annual meeting.


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