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An activist investor is trying to remove Colony Capital Inc.’s chief executive Thomas Barrack Jr., citing poor stock performance and an investigation into President Donald Trump’s inaugural committee, which Mr. Barrack chaired. Blackwells Capital LLC, which owns 1.85% of Colony’s shares, on Tuesday released a public statement calling on shareholders to vote to remove Mr. Barrack from the real-estate…

Activist firm Blackwells Capital is looking to oust President Donald Trump ally, Tom Barrack, from his role as CEO of real estate and investment management company Colony Capital. Barrack helped chair Trump’s Presidential Inaugural Committee, which has been investigated by federal authorities. Trump represent “significant personal distractions that are a blemish on the reputation of…