CNN.com writes: there's no doubt that hedge funds have had a
tough time beating the broader stock market in recent years, but they've still
got an edge over individual investors when it comes to stock picking. And if
that's your thing, investing like a hedge fund all-star just got easier.
The Top Guru Holdings Index ETF (GURU), which began trading
Tuesday, invests in the single biggest holding of 68 top hedge funds, including
John Paulson's Paulson & Co., Bill Ackman's Pershing Square Capital
Management, David Tepper's Appaloosa Management, David Einhorn's Greenlight
Capital and Daniel Loeb's Third Point.
Since some of the biggest holdings at hedge funds are the
same, the fund's overall holdings stand at just 51, and they are all
equally-weighted at 1.96%.....
Find out more at http://buzz.money.cnn.com/2012/06/05/top-guru-etf-hedge-funds/
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