(Yahoo) Many individual investors are feeling less confident in light of uncertainties in Greece and China. But the smartest of the “smart money” — hedge funds — are weeding out the noise and making their picks.
“Hedge funds in general are really looking to position themselves as distancing themselves from systemic risk, in trying to isolate good idiosyncratic risk,” said Ethan Powell, a portfolio manager and chief product strategist at Highland Capital Management, which manages $21 billion.
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