4 Questionable Hedge Fund Picks From Q1
Not even the pros always make the best investments
Although Fairholme Capital has made good money with its 19.5 million shares of Sears Holdings (SHLD) — about a tenth of which were added in the first quarter — it’s still an ill-advised bet.
Sooner or later (probably sooner), the market’s going to figure out that hedge fund manager and Sears biggest shareholder Eddie Lampert has no business acting as the CEO of the retailer. He simply doesn’t get it, thinking consumers behave rationally, and treating the art of retail like it’s a science.
Article printed from InvestorPlace Media, http://investorplace.com/2013/05/4-questionable-hedge-fund-picks-from-q1/.
©2015 InvestorPlace Media, LLC