(Business Insider) Hedge funds’ favorite bets in the stock market have been getting roughed up.”From August through October, hedge fund favorite stocks posted their worst relative returns outside of 2008,” wrote David Kostin at Goldman Sachs. “Our Hedge Fund VIP list of most popular long positions trailed S&P 500 by 720 bp during the three months (-8% vs. -1%).”Kostin’s analysis considered $2.1 trillion in equity assets held by 836 hedge funds.
Hedge funds’ top stock picks haven’t been smoked this badly since the financial crisis
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