Richard Blum’s Hedge Fund Trims Its Exposure to ITT Educational Services

Richard Blum’s Blum Capital Partners recently disclosed trimming its position in ITT Educational Services, Inc. (NYSE:ESI). In a filing with the Securities and Exchange Commission, Blum Capital Partners reported owning almost 3 million shares of ITT Educational Services, the position representing 12.8% of the company, which shows a decrease from 3.3 million shares reported in the fund’s latest 13F. At the current price of the company’s stock, the value of Blum’s position in ITT Educational Services amounts to almost $96 million.

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