Hedge funds are sometimes referred to as the smart money for their prowess at generating profits. And in an effort to give you a leg up, CNBC’s Fast Money often checks in with top hedge fund manager Anthony Scaramucci of Skybridge Capital to learn how he’s positioning -- as well as his peers.
And Scaramucci tells us right now hedge funds are rotating out of commodities.
”There’s a lot of trouble in the markets, a lot of uncertainty. The economy is not doing as well as most people had hoped. That’s the reason why most hedge funds have lightened up on commodities.”
And he adds that money is largely rotating into consumer discretionary….
Read more at http://www.cnbc.com/id/43645706
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