Of course, investors as well as the media have scoured the filings up and down, looking to glean one or two hot trading ideas. And why not? After all, these guys are professional stock-pickers. Surely, copying one or two of their best picks would be a great way to find a winner.
Well, maybe. Just because hedge fund managers get paid to pick ’em doesn’t always mean they bet on the right companies. Here’s a closer look at four of last quarter’s most questionable hedge fund investments: