J.C. Penney Attracts More Mega Hedge Funds [REPORT]

It seems that Bill Ackman has hit the second quarter on a lucky note. After George Soros disclosed a large passive stake in J.C. Penney Company, Inc. (NYSE:JCP), NYPost’s sources are reporting that there are other billion-dollar hedge fund investors who have also jumped aboard on the J.C. Penney Company, Inc. (NYSE:JCP) ship.

There is no news on the identities of the investors who have decided to put their money in J.C. Penney Company, Inc. (NYSE:JCP), except that both unnamed hedge funds have amassed considerable stakes that are possibly in excess of...