This Billionaire Money Manager Bought 6 Cannabis Stocks in the Third Quarter [The Motley Fool]
Altria Group, Inc. (MO)
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Source: The Motley Fool
This Billionaire Money Manager Bought 6 Cannabis Stocks in the Third Quarter One year ago, marijuana stocks were all the buzz on Wall Street But the green rush has mostly gone up in smoke in 09 And yet, during the third quarter, billionaire money manager Jim Simons, founder of the Renaissance Technologies hedge fund, added to or opened positions in six cannabis stocks. Image source: Getty Images. One billionaire hedge fund manager has taken a liking to marijuana stocks No later than days after the end of each quarter, companies with more than $00 million in assets under management are required to file Form F Jim Simons and his team are managing close to $8 billion in assets, and as is the case with pretty much every quarterly update, Renaissance Technologies was extremely active But the biggest surprise might be that Simons added to two existing cannabis positions, as well as opened a position in four more pot stocks. Here's the rundown: Why these six pot stocks? Let's t
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- Could Buying Altria Stock Today Set You Up for Life? [Yahoo! Finance]Yahoo! Finance
- Altria Group (NYSE:MO) Could Become A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
- What's Behind The 50% Rise In MO Stock? [Forbes]Forbes
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