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Hedge Funds Dumped Disney
The theme park and entertainment giant saw the largest net reduction in hedge fund ownership in the first quarter — but some investors may be kicking themselves.
Walt Disney lost considerable investor support from hedge funds and other parts of the investment community in recent months.The operator of theme parks, resort hotels, cable and broadcasting networks, and movie studios was widely deemed to be highly vulnerable to the economic meltdown and sheltering-in-place orders resulting from the pandemic.In
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