Hedge Funds Have Lost Their Love For Gold

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, February 21, 2013 Hedge Funds Have Lost Their Love For Gold After taking a cursory look at the recent 13-Fs filed by hedge funds, it became apparent that hedge funds were scaling back their exposures to gold.  George Soros was among the big names that unloaded his position. According to Goldman Sachs' new Hedge Fund Trend Monitor report, hedge funds in aggregate scaled back big time. Despite low turnover, hedge funds notably reduced holdings of underperforming long-time favorites Apple and gold while raising allocations to rallying Financials. For the first time in three years AAPL was not the top stock in our VIP list, instead ranking as the third most frequent top-10 holding. The stock fell 20% in 4Q and funds reduced positions by over 30%. Holdings in GLD were also lower than they have been in at least four years, equaling just 0.6% of long positions as the ETF fell 6% in price... Read » Also On Money Game Today: GOLDMAN: Europe Needs More Austerity STOCKS FALL AGAIN: Here's What You Need To Know Advertisement CHART OF THE DAY: An Obscure Real Estate Indicator Is Looking Like A 'Huge Tailwind' For The Stock Market CHART OF THE DAY: Wall Street Always Predicts The Same Amount Of Growth, And They're Always Wrong CHART OF THE DAY: Slowing Productivity Is Great News For Unemployed Americans Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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