Can Hedge Funds See Into The Future?

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  1. Bank of America Corp (NYSE:BAC)
  2. Hedge fund investment in Bank of America Corp (NYSE:BAC) as of December 31, 2013: 107 hedge funds, with Bruce Berkowitz‘s Fairholme holding a $1.55 billion stake.

    Stock price as of February 28, 2014: $16.53

    Stock price three years later (February 28, 2017): $24.68

    Stock price growth: 49.30%

    Hedge fund investment as of March 31, 2017: 138 hedge funds, with aggregate holdings of $12.36 billion.

    Jonathan Weiss/Shutterstock.com

    Jonathan Weiss/Shutterstock.com

    The answer to the question “Can hedge funds see into the future?” is a resounding yes when it comes to the next three companies, which exhibited remarkable stock value growth over the three-year period in question.

    Follow Bank Of America Corp (NYSE:BAC)

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