Perry Capital Exits Citigroup (C)

By Nothing Here
July 20, 2010 2:41 PM

Symbols: C

Posted in: News, Hedge Funds, Movers & Shakers, Global, Markets

Perry Capital came out with their second quarter letter and in it they said they have gotten rid of its entire equity stake in Citigroup (NYSE: C) during the second quarter. Perry Capital still believes it is an "interesting leveraged play on worldwide economic recovery", Perry feels they had to take the position off due to price appreciation and renewed concerns regarding financial reform, among other various issues.

Citigroup shares are currently trading at $4.03, up 5‎ cents.

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Perry Capital Exits Citigroup (C)

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