“Is AIG the new Apple Inc.?” Sara Sjolin asks for MarketWatch.
“Well, it could be, in a stock performance perspective anyway, when looking at the latest hedge fund trends presented by Goldman Sachs,” Sjolin reports. “It’s not like the Apple darling is falling completely out of favor, but the coveted stock has shaved off 15% so far this year and has — for the first time in three years — been defeated as the top hedge-fund position.”
Sjolin reports, “On the Goldman Sachs hedge fund VIP list (and here we’re talking Very Important Positions of course, not any of that glamorous people hunting) the iPhone and iPad maker now finds itself beaten by insurance giant American International Group Inc. AIG -1.52% with 117 funds holding the stock and 80 funds holding it as top 10 choice.”
Read more in the full article here.