Hedge fund investors reconsider CIT holdings

05/18/2010 | Bloomberg Businessweek · Reuters

Hedge funds are re-evaluating their exposure to CIT Group, according to Securities and Exchange Commission filings. Greenlight Capital, a hedge fund run by David Einhorn, increased its stake in CIT by 67.5% to 10.6 million shares. Meanwhile, Carl Icahn's hedge fund group, Icahn Capital, sold its stake in CIT. At the end of last year, the firm held 9.7 million shares for a 4.9% stake.

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Bloomberg Businessweek · Reuters