dCapital who later founded hedge fund Accretive Capital Partnersin Madison, Connecticut. The companies also typically get asharp makeover while they are still private.
"These initiatives often provide sustainable comparativeand competitive advantages, creating a moat around the businesswhich benefits new shareholders as well," Fearon said.
(For more SMART MONEY stories see [ID:nN31302085]) (Reporting by Herbert Lash; editing by Aaron Pressman and JohnWallace) (herb.lash@reuters.com Reuters Messaging:herb.lash.reuters.com@reuters.net; +1 646 223 6019)
Nervous analysts have worried for years that the stellar stock prices of technology giants Apple Inc and Google Inc could tumble back to earth.
Now some top hedge fund managers like Steve Mandel and Lee Ainslie appear to be acting on those concerns.
Mandel's Lone Pine Capital and Ainslie's Maverick Capital cut their stakes in both Apple and Google in the fourth quarter. And they were far from alone, as a bevy of other top managers also trimmed, according to a Thomson Reuters survey of filings of the "Smart Money 30," some of the largest stock-picking equity hedge funds.
Apple's stock price has doubled in the past 18 months as the iPhone and iPad have set the pace in the battleground for mobile computing. Google has doubled over 24 months as it has tightened its grip on the Web search market.
But a host of hungry rivals are now chasing Apple's iPad hard
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Meanwhile
christian louboutin - declic suede pumps black suede , Google faces its own challenges to Web supremacy from social-oriented sites like Facebook
christian louboutin - declic suede pumps black suede , Twitter and Groupon.
"Apple is a company that has to come up with hit after hit after hit
christian louboutin - declic suede pumps black suede , every 12 to 18 months," said Patrick Becker Jr at Becker Capital Management. "But once you do the iPhone on Verizon
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