Tiger Backs Ex-Engine No. 1 Executive Penner’s New Activist Fund

Charlie Penner, who spearheaded a historic shareholder campaign against Exxon Mobil Corp. more than three years ago, got backing from the late Julian Robertson’s Tiger Management for a new fund that will press corporations for change.

Penner is starting his firm, Ananym Capital Management, with Alex Silver, a former partner at activist fund P2 Capital Partners. They’ll privately push small- to mid-cap companies to do things like improve their operations, pursue mergers, sell assets or go private, according to people with knowledge of the matter. They asked not to be identified because the fund is ...