Hedge Funds Went Bottom Fishing and Found These Gems

Several hedge funds, including Melvin, Adage and EcoR1, have made some potentially savvy buys in the past few weeks.

Michael Nagle/Bloomberg

Michael Nagle/Bloomberg

Was last week the market bottom, or least a good buying opportunity?

It all depends upon whom you ask. And frankly we will only know in hindsight, probably in a couple of years.

Nonetheless, several hedge fund managers in the past week or so have been making sizable bets on new positions or adding to already large ones that previously triggered 13D or 13G filings.

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