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>> HEDGE FUNDS Latest News

AUG 16, 2013 - Washington Business Journal

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Billionaire George Soros bites big on Apple

Downtrodden Apple shares are becoming almost as popular as its products, at least with hedge funds and celebrity investors such as Carl Icahn and George Soros, who said this week he doubled his stake in Apple. This week, Apple (NASDAQ: AAPL) shares crossed $500, a mark they haven't seen since January but still a far cry from the $705 hit last September. Earlier this week, Carl Icahn tweeted that he held a "large position" in Apple, calling it "extremely undervalued." The missive was quickly dubbed…

Tags: Billionaire George Soros bites big on Apple,  Hedge Funds Latest News