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Hedge fund seeks changes at Charleston tech firm Benefitfocus

A Texas firm poured $80 million into one of South Carolinas biggest technology businesses earlier this year, giving it some sway to start putting its imprint on the company. Last week, another investor arrived on the scene. It, too, appears to be bringing a hands-on approach with it. Indaba Capital Management told regulators Tuesday that it recently shelled out $25.6 million to amass a 7.5 percent stake in Benefitfocus Inc. The flurry of purchases between Oct. 19 and Dec. 11 makes the Californi...
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