Genworth (GNW +10.2%) soars following word hedge fund Highfields Capital is in talks to increase...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth (GNW +10.2%) soars following word hedge fund Highfields Capital is in talks to increase its stake in the troubled life and mortgage insurer. Highfields currently holds a 5.2% stake and may see a bargain in shares selling for 20% of book. Yesterday Genworth said it would take steps to improve its capital structure after being put on review for a downgrade to junk status.