Hedge Fund News From HedgeCo.Net

Hedge Funds Steadfast and Suvretta Jump Onto CSX in Fourth Quarter

(The Business Insider) Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only a few days later. But rather than run for the door…Steadfast Capital Management, run by Robert Pitts, and Suvretta Capital Management…made new bets on CSX during the last three months of 2017 while Citadel Advisors more than doubled its bet…

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