Thursday, April 23, 2009
PhillyDeals: The strange portfolio of Acorn Capital
Acorn Capital Management L.L.C., the Kennett Square investment firm whose assets were frozen by the Securities and Exchange Commission on Tuesday, had a peculiar investment portfolio, according to its last quarterly SEC filing.
Acorn told the SEC it had invested $58 million in client funds in 82 stocks, from Abbott Labs to Zoll Medical. Not an unusual profile for a smallish firm.
Except that more than half the money was in a single stock - $31 million in Campbell Soup...
Philly: PhillyDeals: The strange portfolio of Acorn Capital
Acorn told the SEC it had invested $58 million in client funds in 82 stocks, from Abbott Labs to Zoll Medical. Not an unusual profile for a smallish firm.
Except that more than half the money was in a single stock - $31 million in Campbell Soup...
Philly: PhillyDeals: The strange portfolio of Acorn Capital
Permalink posted by markw @ 4:42 PM 
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