Bloomberg – Companies with the highest hedge-fund ownership are leading the U.S. market selloff, with stocks from Ally Financial Inc. to Zynga Inc. retreating twice as fast as other shares over the last month.
The 10 companies in the Russell 1000 Index in which hedge funds own the biggest stakes are down an average of 16 percent since the gauge’s all-time high on Sept. 18 through yesterday, according to data compiled by Bloomberg. The full index has lost 7 percent over the stretch.
