HEDGE FUNDS LOVE A BAILOUT QUEEN, AIG DETHRONES APPLE AS FAVORITE
Goldman Sachs, according to Reuters, says AIG has replaced Apple as the favorite pick of hedge funds. Apple’s arch enemy Google is now also favored over Apple by hedge funds. Apple has not been abandoned by hedge funds; it is now in third place. According to Goldman’s data, hedge fund’s top holdings were reported to be 80 hedge funds holding AIG, 73 hedge funds holding Google and 67 hedge funds holding Apple. These days the analyst community is favoring Google. Just today Google was upgraded by three analysts. Most notable was Bernstein raising its price target to $1,000 from $820. CLSA also raised its target
