Big tech companies back in favour with hedge funds
Investors increase holdings as Facebook, Apple, Amazon, Microsoft and Alphabet are expected to outperform rest of the market
24 January 2021 - 17:17
New York — Hedge funds have fallen back in love with technology giants after spending the final months of 2020 cutting back on these stocks.
Just days before earnings land from the likes of Apple and Amazon, professional investors turned more upbeat on the industry. On Tuesday, the cohort made its largest net buying in a month, according to data compiled by Goldman Sachs’s prime brokerage. As a result, their net exposure in tech megacaps jumped at one of the fastest paces in recent years...
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