May
22

Hedge Funds That Choked on Momentum Stocks Taking Another Bite

By
  • Managers bet on past winners the most in at least six years
  • Health care and technology shares among increased positions

Hedge funds are piling into the same shares that zapped their returns at the start of the year.

They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares, loosely defined as the ones that went up the fastest in the past 12 months, posted some of their worst losses in seven years at the start of 2016…

Hedge Funds That Choked on Momentum Stocks Taking Another Bite

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.