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Texas Hedge Fund Takes A Big Stake In J.C. Penney

wochit business
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September 03, 2013 AT 11:15 AM
J. Kyle Bass, the outspoken Texas hedge fund manager, has taken a bullish view on J.C. Penney, disclosing that his fund, Hayman Capital Management, has accumulated a 5.2 percent stake in the struggling retailer.