Top hedge funds reduce exposure to big banks

FN – Some well-known money managers reported significantly reduced stakes in big banks, including JP Morgan Chase and Goldman Sachs as well as food companies such as Kraft Foods in the second quarter.

Billionaire investor George Soros’s Soros Fund Management eliminated positions in JP Morgan Chase and Goldman, as well as Citigroup, according to a regulatory filing late on Tuesday.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply