Hedge Fund News From HedgeCo.Net

Two More Hedge Funds Scoop Up Stakes in J.C. Penney

Dealbook – The hedge funds Glenview Capital Management and Hayman Capital Management have swooped in on J.C. Penney shares, joining a list of hedge funds that have disclosed bullish views on the struggling retailer.

Glenview said it has a 9.1 percent stake in the retailer, while J. Kyle Bass, the outspoken Texas hedge fund manager, said that his fund, Hayman Capital, has accumulated a 5.2 percent stake. The stakes were disclosed in filings with the Securities and Exchange Commission.

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