The Worst Long Bets Made By Major Hedge Funds This Year

As the year nears its end, we are reviewing some of the most notable positions hedge fund managers took up. Popular names like Apple, Allergan, and Cheniere Energy helped some hedge funds in bagging big gains throughout the year, as we have discussed in a previous post. It is time to take a look at what brought pain to the very same hedge funds. (You might notice that apparently everything that Carl Icahn held was falling, while most of Bill Ackman’s holdings were climbing this year, so much for burying the hatchet). General Motors: good earnings, bad recalls A popular holding…