Jefferies reveals a pair of mega cap tech stocks that smart money hedge funds are bullish on again after shunning them — and 3 big name companies they are now going short on Hedge funds that get their strategy and stock picks right can deliver huge rewards for investors. That’s why it makes a lot of sense for investors to keep tabs on what hedge funds are doing. Jefferies has put together a report laying out the moves major hedge funds are making right now. There are many ways hedge funds can get an edge on the market, from high speed connections with exchanges, to artificial intelligence systems and teams of number-crunching analysts. Many still fail to beat the market despite all of these advantages, but the ones that get it right can deliver huge rewards for investors. It therefore makes a lot of sense for the average investor to keep tabs on what hedge funds are doing — after all, following the so-called ‘smart money’ is always an option worth considering. Jefferies does just that on behalf of its clients. In a note this week the firm laid out which stocks hedge funds have been turning more bullish on, as evidenced by increasing long exposure, and the stocks that hedge funds are shorting. “Hedge funds headed into summer with cautious positioning,” the analysts at Jefferies, led by equity strategist Steven G.