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5 Head-Scratching ‘Smart Money’ Moves

America's top hedgies are good, but they're not perfect

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Question MarkWith the dust settling from the second-quarter earnings season, we’ve also had a chance to review the hedge funds’ key buys and sells from Q2.

More often than not, the guys and gals who manage these portfolios deserve their “smart money” title. After all, they’ve been able to accumulate vast sums through a number of successful trades.

Every once in a while, though, these folks can make a buy or sell decision that raises an eyebrow. Here are 5 of the bigger, more confounding decisions made last quarter:

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