Richard Perry's Hedge Fund Now Owns 8.62% of JCP, Bought 3 Million of Ackman's Shares at $12.90 in the Secondary Offering - Distressed Volatility

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Friday, August 30, 2013

Richard Perry's Hedge Fund Now Owns 8.62% of JCP, Bought 3 Million of Ackman's Shares at $12.90 in the Secondary Offering

Not only did Richard Perry hold on to his position in JCP, he took the other side of Ackman's sale and upped his ownership in JCP to 8.62% from 7.26%. He bought 3 million shares in the offering. So it appears that hedge funds aren't giving up on the equity.

Source: SEC.gov


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