Hedge Fund News From HedgeCo.Net

The hedge funds’ Google vs. Apple trade

CNN – Starting in February, according to Thomas Kee, who runs an outfit called Stock Traders Daily and writes a column for MarketWatch, hedge fund traders were buying Google and shorting Apple.

“The trade worked quite well until about one week ago,” Kee writes in Thursday’s column, which is when the media caught on to the strategy. Since then, according to Kee, the hedge funds have begun unwinding their trades

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