Hedge Fund News From HedgeCo.Net


Facebook becomes hedge fund favorite

Augusta Chronicle – The social network broke into the top-10 stocks that appear most frequently among the largest holdings of hedge funds, according to a Goldman Sachs survey of their third-quarter holdings. Facebook ranked sixth, after not placing in the top-50 stocks in Goldman’s second-quarter survey.

Facebook stock closed above its May 2012 initial offering price of $38 in August, which helped attract hedge fund managers.

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