Fannie Mae (FNMA)

[136]

Richard Perry's Hedge Fund - KEEPING HIS FANNIE

http://www.bloomberg.com/news/articles/2016-09-27/richard-perry-walks-away-hoping-he-ll-get-a-shot-at-vindication

“I had to be realistic, and it hadn’t been working for the last couple of years,” Perry said. “I decided that it would be better not to be in this mark-to-market world, and focus on longer-term investments.”
While he’ll be returning much of their money next month, Perry has told clients that he probably won’t be ready to sell a few of his investments for a year or more. Chief among them are preferred shares in Fannie Mae and Freddie Mac. Perry and other shareholders sued the government in 2013, saying it improperly diverted more than $130 billion in profit from the mortgage companies to the U.S. Treasury. That suit was dismissed in 2014. Perry appealed and is awaiting the judge’s ruling.

Even when he comes out saying that he is closing his hedge fund he is more than happy to keep the positions that really matter and are of great value to him OPEN

THIS ladies and gentlemen is so freaking bullish for Fannie Longs it makes me smile.

Also another good FNMA post below

>> http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125373504 <<

$FNMA