GE Woes Spark Money-Manager Exodus After 3 Quarters of Inflows
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It was a turnaround for General Electric Co. -- but not of the kind management was hoping to see.
Institutional investors dumped more than 126 million GE shares during the three months ended in March, reversing three straight quarters of net purchases, according to regulatory filings data compiled by Bloomberg. The exodus came as the industrial behemoth plunged 23 percent.