Items Tagged with 'ESL Investments Inc.'

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  • Billionaire Investor Bets on Housing's Bottom

    Well-known hedge-fund manager Edward S. Lampert is betting on housing's bottom, piling into investments ranging from home improvement retail to mortgage origination and servicing, according to a published report on Thursday. Lampert's ESL Investments Inc., which controls roughly $11.6 billion in investments, recently began picking up shares in some of the housing and mortgage sectors hardest-hit stocks. The Wall Street Journal first reported on the purchases Thursday morning.
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