Following The Hedge Fund Money

Posted by Bull Bear Trader | 8/30/2008 11:19:00 AM | , , , | 0 comments »

Brazil's Petroleo Brasileiro and Potash Crop. (POT) have been added to Goldman Sachs list of the most popular stocks purchased by hedge fund managers. The Goldman Sachs VIP list (Very Important Positions list) includes the 50 largest holdings in hedge fund portfolios. The VIP list as a group has done better than the S&P 500 during the past year, losing 6 percent during the recent market downturn at a time when the S&P 500 has fallen 9.2 percent. The inclusion of Petrobras is no doubt due in part to the increased interest in the company by George Soros (see previous post). A few more details on the VIP list can be found in a 2007 post at the All About Alpha blog.