Wayzata Investment Partners Buys 14% of Owens Corning ($oc)

From the site:
“At Wayzata Investment Partners, our experience in the alternative investment market is reflected in the structure of our investment vehicles: a family of long-term funds. A private equity and hedge fund strategy serve as the cornerstones of our investment activities.

Focusing on opportunities in undervalued debt, equity and assets, our team has brought success to institutional investors for more than 15 years. Today total assets under management are over $5 billion.”

Wayzata now owns 17 million shares or 13.5% of Owens corning (OC) up from 7 million in the June SEC Filing. It is the fund’s largest holding.

Why OC? Here are some thoughts

Disclosure (“none” means no position):Long OC
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