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The Hot Stocks That Hedge Funds Missed

It’s not just short positions that are hurting hedge funds this year. Several managers have ignored some of the year’s best-performing stocks.

Hedge fund managers are paid handsomely to spot undervalued investment opportunities. But this year the so-called smart-money set has missed a slew of hot stock picks. Take Best Buy, a home-run stock that most hedge funds missed. Shares of the electronics retailer, which surged more than 13 percent on Tuesday,

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