Hedge Fund News From HedgeCo.Net

Big funds bought News Corp as scandal rumbled

Financial Post – Several major hedge funds and institutional investors piled in on stock of News Corp even as the company was reeling from a phone hacking scandal which hurt the stock in the third quarter.

UK fund Children’s Investment Fund Management bought 53.8 million shares of News Corp A stock valued at $833.5 million during the three months ended Sept. 30, according to regulatory filings.

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