Biggs said bullish bets make up about 70 percent of his investments and isn’t selling because he expects the S&P 500 to finish the year 10 percent to 15 percent above its level now. He favors property developers, oil service companies and technology suppliers in the U.S. and emerging-market equities.
July 2 (Bloomberg):
Biggs, 77, said yesterday he cut bullish bets by about half since June 29, when they made up 70 percent of his fund.
