GO
Loading...

Enter multiple symbols separated by commas

Finding Value in Financials

Jonathan Vyorst, manager of the Paradigm Value Fund, sees opportunities in financials.

“The revised Paulson deal is very good for large-cap banks, and I think for the sector as a whole," he told CNBC. "We’re also looking at some brokerage firms that are well capitalized and should come out of this situation strong.”

“We’ve taken a position in...Goldman Sachs , we have a smaller position in Bank of New York and Bank of America , and these are very recent. These are things we put on last week and this week," he added.

In the small-cap space, Vyorst has been purchasing Jefferies and insurance company American Financial Group .

____________________________
More News From CNBC.com:

____________________________

Disclaimer