Keith Meister, Corvex Management (Bloomberg) |
Keith Meister’s Corvex Management suffered a big setback on Thursday in its desperate bid to get back to even after a horrendous six-month rout.
Signet Jewelers, a favorite of hedge funds including Corvex, plummeted about 14 percent or so on Thursday after the jewelry retailer reported its first decline in same-store sales in more than six years.