LONDON/BENGALURU Johnston Press (JPR.L) shareholder Crystal Amber Fund Ltd CRS.L can help management avoid a poor debt restructuring deal, the hedge fund’s chief executive officer told Reuters.

“We have a good track record of assisting companies,” Richard Bernstein told Reuters on Tuesday, ahead of London-listed activist manager Crystal Amber disclosing it had raised its stake in Johnston Press to 6.74 percent from 5.42 percent.

The rise in shareholding came after a 11.5 percent slide in the stock on Sept. 14.

“Our experience is that good management teams welcome our involvement. We hope that management at Johnston Press will allow us to help,” he said.

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