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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)


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