Big hedge funds fueled fourth-quarter dive in Apple shares

Home Forums Big hedge funds fueled fourth-quarter dive in Apple shares

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    Anonymous

    Technology News

    Security guards and staff stand at the entrance of an Apple store during the release of iPhone 5 in BeijingBOSTON (Reuters) – Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price. Noted stock pickers including Leon Cooperman, Eric Mindich and Thomas Steyer unloaded billions of dollars of Apple shares between September 30 and December 31, according to disclosure documents filed on Thursday. Shares of Apple rose to an all-time high of $705. …


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