Other hedge fund managers also believe in JCP J. Kyle Bass of Hayman Capital Management, a man known for his expertise in corporate turnaro
Other hedge fund managers also believe those objectives are attainable. J. Kyle Bass of Hayman Capital Management, a man known for his expertise in corporate turnarounds, began to accumulate a long position in J.C. Penney by buying the company’s secured loans and credit-default swaps in August.
According to a filing made last week, his hedge fund owned 11.4 million shares of the retailer. Glenview Capital Management also increased its investment in the company to 20.1 million shares last week, a stake equivalent to 9.1 percent.