Wilbur Ross, the quintessential distressed asset investor, made a dramatic increase in his holding in EXCO Resources Inc (NYSE:XCO).
Wilbur Ross is one of the richest people in the United States, with a net worth of $2.3 billion, based on The Forbes 400: Richest Americans. Most of his investments are focused on distressed and failing companies that need restructuring, particularly in steel, coal, telecommunications, and textile industries.
EXCO attracts many noted investors
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