Hedge fund buys 5.6 percent stake in Chico´s

Blue Harbour Group, a hedge fund based in

Connecticut, presented a 13D filing on Chico´s Fas, Inc. on Monday, disclosing a 5.6 percent stake (around 9 million shares) in the womenswear company.

According to the regulatory filing presented at the US Securities and Exchange Commission on Monday, Blue Harbour Group LP, the aggregate purchase price of the 5.6 percent stake (circa 9 million shares) is 125.4 million, excluding brokerage commissions.

Reports broke the news earlier this week, pointing out that the movement might mean that the so-called activist investor could leverage its investment of 125.5 million dollars to press management at Chico´s for change.

The 13D filling stated that the shares were acquired for investment purposes.