Reuters – Hedge fund manager Lee Ainslie swapped a bet on one big bank for another in the second quarter, selling off all his shares of Bank of America Corp and investing in Citigroup Inc instead.
Ainslie’s Maverick Capital was joined by a number of other top hedge funds that shifted dollars away from BofA and toward Citi in the quarter, potentially signaling a shift in fortunes for the two financial service giants.
