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Altisource Investors Back Management in Activist Dispute

  • Putnam, Luxor said to be supportive of business relationship
  • Dissident shareholders want control of the REIT's board
Updated on

Investors holding more than 27 percent of Altisource Residential Corp. are taking management’s side in the real estate investment trust’s fight with activist investors.

Putnam Investments and Luxor Capital Partners are supportive of management’s strategy, according to people familiar with the matter, who asked not to be identified discussing private information. The funds own 14.9 percent and 7.6 percent of Altisource Residential, respectively.