Hedge funds buying stocks again: Report

U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.
MAR 20, 2009
By  Bloomberg
U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today. According to data from UBS AG of Zurich, Switzerland, net purchases of stocks by hedge-fund clients averaged $140 million for the four weeks ending March 13, the report said. The inflows followed 22 consecutive weeks of outflows. The funds bought stocks in the health care, consumer and industrial sectors, and dumped financial and energy stocks.

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