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Mason Capital’s Latest Moves

Nina Zdinjak

Mason Capital is a New York-based asset management firm that was launched by Kenneth Mario Garschina in 2000. It provides an additional office in London England. On March 28th, 2017, the fund managed around $3.5 billion in assets. Before launching his own hedge fund, Mr. Garschina worked at KS Capital Partners, first as a Research Analyst until he reached positions of Portfolio Manager and Director of Research. Prior to KS Capital Partners, he was employed at Cursitor-Alliance Capital Management as a Research Analyst. He graduated with a BA in Economics from the College of the Holy Cross. In this article, we are going to highlight Mason Capital’s most important Q1 2019 investment moves.

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Mason Capital’s Latest Moves

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At the end of March 2019, Mason Capital’s equity portfolio was valued $465.37 million, down by 82.42% from one quarter earlier when it carried a value of $2.65 billion. Its portfolio was concentrated, counting only 8 long positions, out of which half were new additions. Those were Fox Corporation (NASDAQ:FOXA), Versum Materials, Inc. (NYSE:VSM), The Madison Square Garden Company (NYSE:MSG), and Uniti Group Inc. (NASDAQ:UNIT). During the quarter the also existed 5 positions, among which the top one included Dell Technologies Inc. (NYSE:DELL), Resideo Technologies, Inc. (NYSE:REZI), and FGL Holdings (NYSE:FG). Other changes to its equity portfolio during the quarter included lowering stakes in Xerox Corporation (NYSE:XRX), and The Liberty Braves Group (NASDAQ:BATRK).

Disclosure: None.

This article is originally published at Insider Monkey.