accumlation is on
Wilbur Ross, the famous quintessential distressed asset investor, is the manager of Invesco Private Capital with 19 stocks under its portfolio. The stocks have approximately $1.118 billion total market value, as of November 2012 (in the Invesco Private Capital fund), according to the latest 13F filing.
Wilbur Ross is one of the richest persons in the United States, with a net worth of $2.3 billion, based on The Forbes 400: Richest Americans. Most of his investments are focused on distressed and failing companies that need restructuring, particularly in steel, coal, telecommunications, and textile industries.
Ross also increased his stakes in Zynga, Inc by 22.54 percent to 1,034,646 shares, with an approximate value of $2.993 million.