Lampert’s RBS Hedge Fund Cuts Stake in Genworth, Sells Safeway

Edward Lampert, the billionaire chairman and chief executive officer of Sears Holdings Corp., reported that he and his hedge fund cut a stake in Genworth Financial Inc. by almost a third and sold its holdings in Big Lots Inc. and grocer Safeway Inc.

RBS Partners LP reduced its stake in Genworth to 8.4 million shares as of March 31, according to a filing today with the U.S. Securities and Exchange Commission, down from 12.1 million at the end of last year. The fund, based in Bay Harbor, Florida, also sold its 1.4-million-share stake in Big Lots and its 845,000-share stake in Safeway.