Louis Bacon’s Moore Capital favouring Emerging Marketplaces, Technology, Telecommunications and Financials

Louis Bacon’s Moore Capital shuffled up its portfolio within the 3rd quarter of '09. The hedge fund supervisor increased its holdings especially within the monetary, basic materials, IT, as well as consumer discretionary sectors. Moore Capital’s best publicity was to the Financials field where it increased its holdings by approximately $226mm, bringing its total sector holdings to around $704mm, or 32% of its profile. By 9/31/2009, its top financial holdings included:
- Bank of America Corp (BAC): $288.5mm / 17,050,000 shares, 0.2% held, Change: $-50.8mm Or -3,000,000 shares.

http://www.hedgetracker.com/article/Louis-Bacons-Moore-Capital-favoring-Emerging-Markets-Tech-Telecom-and-Financials