For three years in a row, Apple was the most popular stock among hedge fund managers, but according to new data from Goldman Sachs, it's on the decline.
Goldman Sachs' data, which was obtained and reported on by AppleInsider, indicates that insurance giant AIG was the most popular hedge fund pick last year, with 80 funds holding its shares. Google came in second place with 73 funds. Apple, which had previously led the space, is down to 67 funds.
Apple's declining popularity among hedge fund managers might have something to do with its ability to deliver returns. According … Read more