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Activist hedge fund manager studied this troubled stock for a year before finally buying a big stake

Liz Moyer

Douglas Braunstein, founder and managing partner of Hudson Executive Capital and J. P. Morgan's former CFO, said in an interview that the firm has taken on the stake over the last few months after studying the stock for a year. It is Hudson's third financial services investment, after Comerica and CIT, and would make Hudson one of Deutsche Bank's biggest shareholders. The buy-out firm Cerberus Capital took a similar sized stake last year.