Is State Street Corporation (NYSE:STT) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors. Is State Street Corporation (NYSE:STT) a healthy stock for your portfolio? Investors who are in the know are in a bullish mood. The number of long hedge fund bets increased by 4 in recent months.