Amid speculation that a sale of all or parts of financial servicing company BISYS Group of Roseland, N.J., are in the works, one hedge fund manager, Ahmet Okumus, president of Okumus Capital of New York, has been buying up shares of the firm and is looking for a seat on the company's board.

On March 23, Okumus-who owns 12.7 million BISYS shares representing 10.4% of the outstanding shares valued at $148 million-sent a letter to the board suggesting that he join them to "provide practical insight and guidance in considering the company's strategic alternatives."

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