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Sequoia Sharply Cuts Valeant Stake, Limits Position Sizes

TedTed
in The Bullpen
FYI: David Poppe made announcement at a New York meeting Friday.

Fund changes rules to limit any holding to 20% of assets
The Sequoia Fund, a top investor in Valeant Pharmaceuticals International Inc., told clients that it has significantly reduced its stake in the troubled drugmaker since the end of March.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-05-20/sequoia-significantly-cut-valeant-stake-fund-tells-investors
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