Move Would Come After a Difficult 2008 for Steel Partners, but Plan Upsets Many of His Investor
Activist hedge-fund manager Warren Lichtenstein has talked about aspiring to be like Warren Buffett and run a publicly traded conglomerate, say people who know him.
Mr. Lichtenstein may now get his wish, pursuing an unorthodox gambit to convert his private hedge fund Steel Partners into a public investment vehicle. The change is supposed to help his investors get easier access to their investments, but the surprise move has only upset…