(Valuewalk.com) In an effort to stop the virtual bleeding and cauterize the wound, so to speak, hedge funds are repositioning their portfolios to dump the poorly performing Health Care stocks they had previously been favoring and grabbing up stocks in the Information Technology sector. Analysts at Goldman Sachs released the latest edition of their “Hedge Fund Trend Monitor” on Friday and discovered that funds lagged the S&P 500 Index by 720 basis points over the three months ending in October….
As Hot Stocks Like Valeant Tank, Hedge Funds Dump Health Care Stocks For IT
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