Apple shares have risen 47% year to date (1 Jan to 26 March 2012) and yet the best performing hedge fund managers all of which have done over 30% (the best has done over 40%) do not hold the stock.
Apple shares are one of the most popular holdings among fund managers and hedge fund managers alike and yet the best three performing hedge fund managers, all of whom are billionaires in their own right do not currently hold the stock. Do they know something us mortals do not?
To see where the smart (wealthy) money is invested check out this link
http://www.insidermonkey.com/blog/2012/03/19/billionaire-hedge-fund-index/#more-11470
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