Thieves steal so much from this store, but the hedge funds are keeping away from the Ulta Beauty company, they seem to think it's a bad investment.
In the eyes of most market participants, hedge funds are assumed to be unimportant, outdated financial vehicles of yesteryear. While there are greater than 8000 funds with their doors open at present, we at Insider Monkey look at the crème de la crème of this club, close to 450 funds. It is estimated that this group controls most of the hedge fund industry's total asset base, and by tracking their highest performing picks, we have formulated a few investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we've began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 25 percentage points in 6.5 mont
At year's end, a total of 26 of the hedge funds we track were long in this stock, a change of -7% from one quarter earlier. With the smart money's capital changing hands, there exists an "upper tier" of key hedge fund managers who were increasing their holdings significantly.
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