Hedge Fund News From HedgeCo.Net

Bank of America, Microsoft Lure Hedge Funds

The Street – Following the smart money is usually a fairly good idea and you can’t get much smarter than hedge funds.

According to filings with the Securities and Exchange Commission, hedge-fund managers such as Paulson & Co. and Appaloosa Management were holding Dow stocks such as Bank of America, Microsoft and Pfizer as of March 31. These stocks offer cheap prices, one of the main draws for hedge funds.

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