Friday, May 17, 2013

Boeing is the new hedge fund favorite





From Money.CNN: Hedge fund managers are finally boarding Boeing.  It's unclear whether the top hedge fund managers would bet on riding one of Boeing's troubled Dreamliners, but Boeing (BA, Fortune 500) was the favorite stock of the top 50 hedge fund managers in the world in the first quarter of 2013, according to FactSet.

Hedge funds poured roughly $1.6 billion into Boeing, helping push the airplane manufacturer's stock up 31% so far this year….

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