Thomas Marsico says his fund - Marsico Capital Management, the largest investor in Transocean...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Thomas Marsico says his fund - Marsico Capital Management, the largest investor in Transocean (RIG -0.4%) - was already selling its 6.25% stake in the world's largest driller before bailing out entirely after the company's Deepwater Horizon sank in the Gulf of Mexico. RIG has lost 24% of market value in the three weeks since the incident.