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Steve Jobs’ Resignations Will Hurt Apple and These Hedge Funds

Steve Jobs announced his resignation yesterday. Reports show that Apple shares have tumbled as much as 7% in after hours trading.

Apple Inc. (NASDAQ:AAPL)

Assuming the stock takes a hit of 5%, these hedge funds will start their days tomorrow with the following losses:

1. Rob Citron – Discovery Capital Management: $40 Million
2. Stephen Mandel – Lone Pine Capital: $37.5 Million
3. D. E. Shaw – D E Shaw: $36.5 Million
4. Chase Coleman – Tiger Global Management: 28 Million
5. Phill Gross and Robert Atchinson – Adage Capital Management: $28 Million
6. Jim Simons – Renaissance Technologies: $25 Million

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Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

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