GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Articles (4525) 

Avenue Capital's Marc Lasry - Keeping Cash in Portfolio to Trade the Fiscal Cliff

December 09, 2012 | About:
What is this billionaire hedge fund manager doing heading into the end of the year?

- 25% of his portfolio is in cash.

- That is twice the normal level.

- He has been finding value buying European loans and other assets that European banks have been forced to dump.

- Thinks Republicans are being unreasonable not thinking taxes don't have to go up.

About the author:


Rating: 3.7/5 (3 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)