Wilbur Ross’s Favorites Include Assured Guaranty Ltd. (AGO), EXCO Resources Inc (XCO) & More

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Last is a $72.6 million stake in Sun Bancorp, Inc. /NJ (NASDAQ:SNBC), which contains about 21.3 million shares. It is another new position in the equity portfolio of WL Ross & Co. Shares of Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) are down almost 7% since the start of 2013.

On the whole, the equity portfolio of Wilbur Ross and WL Ross & Co. involves five companies and has a value of over $993.3 million. While focusing on distressed assets is a working strategy for Wilbur Ross, there are some other more common strategies used by hedge fund managers, as seen in this recent list of the best hedge fund strategies.

Aside from WL Ross & Co. you should take a look at the top picks of some other hedge funds we track. Ancient Art (Teton Capital), managed by Quincy Lee, Jeffrey Altman’s Owl Creek, and Philippe Jabre’s Jabre Capital are all good starting points.

Disclosure: none

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