Apple shares are one reason hedge funds lag mutual funds in 2016

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  • Friday, 25 Mar 2016

Focus on security: Apple Inc has hired a new security executive, George Stathakopoulos, to oversee its corporate digital defences. — Reuters

NEW YORK: Hedge funds may have taken too big a bite of Apple Inc.

Shares of the iPhone maker are one of the biggest bets among hedge funds, with 47 of them listing Apple among their ten largest holdings as of the end of 2015, according to a report from Goldman Sachs on March 18.

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