Wilbur Ross Adds To Stake In EXCO Resources

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

Oil and gas company EXCO Resources Inc (NYSE:XCO) has attracted substantial investments from a number of noted investors,...