Credit-oriented multistrategy hedge fund firm Canyon Partners has launched its first activist campaign in nearly two years, pressing a maker of plastic packaging on ESG issues.
Canyon disclosed it owns 7 percent of Berry Global Group. On Sunday Canyon sent a letter to the company’s senior management and the board of directors, calling on the company to take three steps: publicly announce that it has hired an investment bank or other financial advisor “to develop a clear plan of action toward accelerated deleveraging,” commit to achieving an investment...