Hedge Funds
Casino stocks are up big after Beijing’s top representative to Macau signaled that the central government is considering measures to “support Macau’s economy in all aspects”. Wynn Resorts, Limited (NASDAQ:WYNN) is up 17.5%, Las Vegas Sands Corp. (NYSE:LVS) is up 8.3%, and MGM Resorts International (NYSE:MGM) is up 4.3% in afternoon trade. Let’s take a closer look at the upside catalyst and see if the smart money agrees with the market. In the eyes of most traders, hedge funds are assumed to be underperforming, old investment tools of the past. While there are more than 8,000 funds in operation at present, Hedge fund experts at Insider...