Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday.Icahn, a billionaire investor known for taking big stakes in companies and pushing for management change, bought the shares in the major mortgage financiers in March, the filing showed.As of March 31, Fairholme owned a 1.65 percent stake in Fannie Mae and a 2.64 percent stake in Freddie Mac, according to Thomson Reuters data. Mutual fund manager Bruce Berkowitz is the founder of Fairholme Capital Management.Regulators took control of Fannie and Freddie, which own or guarantee about 60 percent of all U.S. home loans, in 2008 after losses stemming from subprime mortgage investments pushed them to the brink of insolvency.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.62% or $-0.57/share to $34.61. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 767136 shares of TRI exchange hands on a given day and today's volume is recorded at 701213.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.54% or $-0.59/share to $37.77. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 742517 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 168148.
Source
