Anthony Bozza's Lakewood Capital was up 10.7% net for the second quarter. At the end of June, the fund was 107.4% long and 44.9% short for a net equity exposure of 62.5%. Lakewood was also 1.1% long and 8.8% short fixed income securities, resulting in a net fixed income exposure of -7.7%. The fund's top five positions were 23% of equity capital, while its top 10 positions were 38% of equity capital.
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses.
Morgan Stanley (NYSE:MS) announced buybacks of up to $1 billion and Wells Fargo & Company (NYSE:WFC)’s board approved plans to buy back an additional 350 million shares. The Fed has... Read More
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Despite initiating macro-prudential measures, China's FX outflows have yet to show signs of abating, as analysts at Deutsche Bank believe they could be nearly $110 billion last month, which is... Read More
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