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good article.... this article might also be of interest to those that like that article: Goldman Sachs research shows that shares with high hedge fund ownership exhibit wide price swings during market correction periods By Finfacts Team Jun 18, 2006, 12:55
A report from investment bank Goldman Sachs studied how the stocks held by hedge funds had performed during stock gyrations over the past three years. The recent market volatility supports the conclusion. Stocks with the biggest concentrations of hedge-fund holders fell between 9.7% and 13% during the period of May 9th through June 13th 2006, the research shows, while the Dow Jones Industrial Average and Standard & Poor's 500-stock index each fell about 7.5%.
The selling "was most concentrated in the names hedge funds had positions in," says David Kostin, the analyst who carried out the research.
Kostin studied where 550 of the largest hedge funds, with $650 billion in assets, have been putting their money. By analyzing regulatory filings, Kostin found a few stocks that are very popular among hedge funds, including Boston Scientific Corp., Sprint Nextel Corp., ConocoPhillips and Time Warner Inc. -- each of which have more than 100 hedge funds as shareholders. Thirteen other companies with smaller market values had half or more of their shares held by hedge funds as of March 31st. http://www.finfacts.com/irelandbusinessnews/publish/article_10006256.shtml
also?
Goldman Sachs top brass are ‘fighting like ferrets’
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