Richard Perry - a MBA graduate from New York University's Stern School of Business - started his career working in the Risk Arbitrage department at Goldman Sachs. He also worked as an adjunct associate professor at the Stern School of Business at New York University, where he taught a course in the finance department. He went on to co-found Perry Capital in 1998.
Richard Perry - a MBA graduate from New York University's Stern School of Business - started his career working in the Risk Arbitrage department at Goldman Sachs. He also worked as an adjunct associate professor at the Stern School of Business at New York University, where he taught a course in the finance department. He went on to co-found Perry Capital in 1998.
Since then, Richard Perry's Perry Capital has had a record of beat the market, underperforming it only once, in 2008. Richard Perry has accomplished this by taking on very little risk. Taking an event-based approach to his investments, Richard Perry looks for companies involved in mergers and acquisitions, bankruptcy, spinoffs or another type of restructuring. From there, he picks companies that are willing to work with him to make changes that unlock value. He also likes to talk to the CEOs of the companies to try to gather insights nobody elseÊhas. Perry then combines tis information with information gleamed about the company, its industry, its market, its competitors and its suppliers. If the company hasn't considered restructuring, Richard Perry and his team may suggest it, even be investing in the stock. In other words, Richard Perry is an activist investor but, unlike many other hedge fund activists, he chooses to avoid uncooperative companies altogether.
| Fund Name: | Perry Capital |
| Manager | Richard Perry |
| Portfolio Value | $2,707,660,000 |
| Change This QTR | 0.00% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | AIG | 14,865,903 | $524,766 | +42% |
19.38% | |
| 2.) | B P PlcCALL |
BP | 6,700,000 | $278,988 | +34% |
10.3% |
| 3.) | LAMR | 5,830,000 | $225,913 | +60% |
8.34% | |
| 4.) | NXY | 7,645,000 | $205,956 | +96% |
7.6% | |
| 5.) | Ishares TrustPUTPUT |
2,400,000 | $202,363 | +84% |
7.47% | |
| 6.) | NRG | 7,739,203 | $177,924 | +20% |
6.57% | |
| 7.) | ESRX | 2,644,000 | $142,776 | +35% |
5.27% | |
| 8.) | HES | 2,150,000 | $113,864 | +16% |
4.2% | |
| 9.) | HSH | 4,000,000 | $112,560 |  |
4.15% | |
| 10.) | BP | 2,282,900 | $95,060 | -36% |
3.51% |
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