Bank of America shares a simple stock-trading strategy with a track record of repeatedly beating the market — including the 20 companies that best exploit it now
· Savita Subramanian, the head of US equity and quantitative strategy for Bank of America, says betting against the top picks of hedge funds can be a surprisingly profitable tactic.
· She says that betting against the top 10 overweights of actively managed hedge funds and buying the stocks the hedge funds like the least has...