Today is June 27th, the last day of the 2nd Quarter, what happens the last week of the quarter? Window Dressing or, "The Art of Looking Smart" in which all of the winners for the past quarter are bought the last week or so , thus they show up as hedge fund/institutional money holdings and make it "appear" as if the fund had chosen well for the quarter when in reality all they did was buy the best performing assets of the quarter the last week of the quarter so their quarter's end positions reflect they own that position. This is why Window Dressing at quarter's end (this week) is called, "The Art of Looking Smart"
Likewise, they dump the worst performers, even if they like them a lot moving forward, they'll just buy them back Monday, JULY 1st as the 2nd Quarter is in the books and their positions are locked in.
5 years ago
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