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Hedge funds taking another bite at momentum stocks

Managers are not deterred by the plunging share prices at the beginning of the year

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Hedge funds are piling into the same shares that zapped their returns at the start of the year.

New York

HEDGE funds are piling into the same shares that zapped their returns at the start of the year.

They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares,

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