Why This $76 Billion Hedge Fund Just Bought BlackBerry Ltd

One of the nation's largest and most successful hedge funds, Citadel Advisors, bought almost $23 million worth of BlackBerry Ltd (NASDAQ: BBRY  ) stock recently. That might come as quite a surprise to the average investor, considering how BlackBerry's traditional lines of business have evaporated over the past decade.

Even though every investor has different goals, resources, and tolerance for risk, it's at least worth digging into why such a successful group of investors would want to buy shares of the beleaguered communications company.

In the slideshow below, you'll see how Blackberry is attempting to reposition itself to remain relevant in arenas outside of its bread-and-butter U.S. consumer market.

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  • Report this Comment On May 16, 2014, at 10:33 PM, devvvv wrote:

    Everytime BlackBerry's SP drops a story like this appears, don't continue to lose your money folks.

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