U.S. hedge fund managers looked to banks in 2nd quarter

Reuters – The flavor of the second quarter for big U.S. money managers was banks, including Citigroup Inc and Genworth Financial Inc, and healthcare stocks such as Aetna Inc, Cigna Corp and HCA Holdings Inc.

Hedge funds Eton Park Capital, Kynikos Associates LP and BlueMountain Capital Management were among investors that scooped up the shares of financials, which as a group are up 15 percent this year.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply