In the first quarter, hedge funds showered new love on Exxon Mobil Corporation (NYSE:XOM), General Electric Company (NYSE:GE), Time Warner Inc (NYSE:TWX) and Hess Corp. (NYSE:HES), resulting in a decline in short interest as they entered Goldman Sachs' VIP Basket of 50 stocks. The VIP list includes the favorite stock picks from hedge funds in each quarter. We have covered the major points from GS Hedge Fund Trend Monitor, which found that American International Group Inc (NYSE:AIG) had maintained its hold as top hedge fund holding.
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