Heavy Hitters Unload Banks

Wall Street Journal, Wednesday August 15, 2012

GLOBAL FINANCE

Heavy Hitters Unload Banks, by Liz Moyer and Erik Holm

Quarterly Filing Shows Soros Eliminated Positions in J.P. Morgan, Goldman

“Some well-known money managers reported significantly reduced stakes in big banks, including J.P. Morgan Chase & Co. and Goldman Sachs Group Inc., as well as food companies such as Kraft Foods Inc. in the second quarter.”

 According to this article, a number of managers in large funds have reduced stakes in banks and food companies besides Soros.  They include those in Berkshire Hathaway, Pershing Square Capital Management, Paulson & Co.  and Trian Fund Management.  

It’s baseball season with many heavy hitters in games.  There are also heavy hitters in the games of finance.

Advertisements

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: