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Mimicking Hedge Funds Cost Investors in Third Quarter

An analysis of stocks with high hedge fund ownership in the third quarter reveals that following the smart-money set was not a good strategy.

Let’s face it: The third quarter of 2015 is shaping up to be the worst three-month period in several years for hedge funds. Many firms are poised to post terrible results, especially those with big exposures to energy or biotechnology stocks. Some retail investors like to follow hedge fund managers by looking

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