Hedge fund manager Richard Perry ( Trades , Portfolio ) co-founded Perry Capital LLC more than a quarter of a century ago. His first major investment was Florists’ Transworld Delivery ( NASDAQ:FTD ), which he sold for a profit of more than $300 million. His firm’s records in recent years – returns of 14.6% last year and 25.2% the year before – speak for themselves.
Perry’s largest purchase of the second quarter propelled his existing stake in Williams Companies Inc. (WMB), an oil and gas company based in Tulsa, Okla., to second-most valuable in his portfolio. Perry nearly tripled his stake in the company, buying 6, 261, 172 shares for an average price of $51.51 per share. The acquisition had an 11.36% impact on Perry’s portfolio.
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Read the full story at Nasdaq, by GuruFocus
Richard Perry
