2 Phenomenal Growth Stocks the Smartest Investors Are Buying In a Bear Market
Hedge fund managers Jim Simons of Renaissance Technologies and Jason Kritzer of Eaton Vance Management have helped their funds outperform the S&P 500 over the last three years. That may not sound impressive, but a relatively small number of professional money managers actually beat their benchmarks, meaning Simons and Kritzer are in rarified air. It also means they could be a great source of inspiration for individual investors.
Both hedge fund managers have been buying stocks throughout the bear market that started in 2022. Since the beginning of last year, Simons doubled his fund's stake in Airbnb (NASDAQ: ABNB), while Kritzer added to his fund's stakes in Paycom Software (NYSE: PAYC) and Airbnb.
Is it time to buy these growth stocks?
Source Fool.com
