Dec
20
A $33 Billion Manager Who Bought at Low Shifts to Cash
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David Samra says it’s hard to find cheap stocks to buy
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Artisan Partners fund manager is seeking changes at Samsung
David Samra, the award-winning stock picker, is boosting cash holdings close to their limit in a market he sees as lacking buying opportunities.
Samra, who oversees about $33 billion for Artisan Partners, says he increased cash to about 13 percent of his international fund, near the 15 percent maximum, as equities around the world extend rallies after Donald Trump’s election. While he’s been selling companies that he sees as reaching their true worth, he’s found it harder to find stocks to replace them…
A $33 Billion Manager Who Bought at Low Shifts to Cash
