At Insider Monkey, we track only the upper echelon of hedge funds and other investment firms operating today. The system we’ve developed around their top small-cap picks has proven to be immensely successful as a result (we’ll get to that in the next paragraph). However, even the smart money isn’t right all of the time, even when their collective expertise is pooled. We’ll take a look at four such cases in this article, stocks in which the funds in our database were bullish on during the second quarter, but which have proven to be clunkers so far in the third...