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Nomura Fund Manager Dumps 4.3 Million Samsung Shares Before Earnings

  • Concerns gravitate around falling DRAM prices, industry future
  • Samsung seen posting record results; focus will be on guidance
IFA Consumer Electronics Fair Preview
Photographer: Michele Tantussi/Bloomberg

To protect returns, a top-performing fund manager slashed its Samsung Electronics Co. holding.

With growing concerns that the industry has reached a peak, shares in the sector have been tanking. Samsung Electronics, the behemoth expected to report earnings Friday, has plunged 12 percent this year as international investors have dumped the stock.