Hudson Executive Capital LP led by former JPMorgan Chase’s CFO Douglas Braunstein feels that Deutsche Bank is “misunderstood and undervalued”.

On Thursday, as per a report from the Wall Street Journal, New York-based hedge fund Hudson Executive Capital LP has taken a 3.1% stake in Deutsche Bank.

The activist hedge fund is led by Douglas Braunstein, a former CFO at JPMorgan Chase.

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