New Guru Added: Richard Perry of Perry Capital

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Sep 02, 2008
GuruFocus has added a new Guru to our List of Gurus: Richard C. Perry of Perry Capital


Richard C. Perry co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion as of Aug. 2008. Over the past 20 years he never had a down year, he has been up an average of 15.4% annually after fees (1.5% + 20% of profit). Prior to 1988, Mr. Perry worked in a number of capacities at Goldman, Sachs & Co. He also was an adjunct associate professor at the Stern School of Business at New York University. Mr. Perry also serves on the boards of Endurance Specialty Holdings, Ltd, Capital Business Credit LLC, MedGroup Inversiones S.L. and Sears Holdings


Mr. Perry invests in private equity, real estate. He also lends money to other investors at high interest rates. He likes to invest in distressed situations.


Mr. Perry’s largest holdings include QualComm (QCOM, Financial), Endurance Specialty Holdings Ltd. (ENH), Sears Holdings (SHLD, Financial), Humana Inc. (HUM). His complete portfolio is here


Mr. Perry’s largest purchases include Yahoo Inc (YHOO), AnheuserBusch Companies Inc. (BUD), ChoicePoint Inc. (CPS). See this for the complete list


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