Hedge Funds Tough To Mimic on Financials
Thursday, September 3, 2009 : PermalinkTheStreet.com – Hedge funds that drove financial shares into the ground a year ago are piling back into the stocks, but average investors ought to be careful about mimicking their moves.
The first signal of a shift in hedgie sentiment came with the filing of a 13-F quarterly report for Paulson & Co. on Aug. 12. The hedge fund is run by John Paulson, who notoriously made gobs of money betting against housing and financial firms last year.
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