Relational Investors will be winding down its operations and dissolving its $6 billion portfolio of funds by the end of the year, according to a report.
The firm, headed by Ralph Whitworth, is expected to launch a new fund at some point with the same name but under different stewardship, the Wall Street Journal reported. Whitworth had been on a leave and will cede day-to-day control, along with David Batchelder.
The activist investment firm had held its largest positions in Hewlett-Packard, SPX and Mondelez, according to its more recent regulator filings. It also had considerable positions in Ingersoll-Rand and the Timken Company.