The stocks that hedge funds “love most” is a mix of boring traditional automotive picks, such as General Motors Company (NYSE:GM) and Hertz Global Holdings, Inc. (NYSE:HTZ), to sizzling tech stocks such as Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), in competition to dominate "the Internet of things."
Hedge funds performance
While hedge funds are often considered smart money, the largest US hedge funds poorly lagged general stock market indices. The hedge funds delivered at 1% year to date versus S&P 500's 7% due to their heavy emphasis on consumer discretionary stocks, a MarketWatch report noted. The hedge funds also appear to like stocks with a US government risk backstop, as...
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