Seattle Times – The smart money loves Apple. As consumers covet the latest iPad model, hedge funds are holding on tight to their Apple stock.
Hedge-fund managers count the wealthiest and most sophisticated investors, including pension funds and endowments, among their clients. The managers are some of Wall Street’s savviest, and they’re holding on despite the stock’s rise of 26 percent last year. It is up 30 percent since January 1.
