BALTIMORE ( Stockpickr) -- Last year wasn't exactly a banner year for institutional investors. While the S&P 500 essentially closed dead flat on the year, mutual funds lost 6% on average in 2011 according to Lipper Research. And hedge funds booked their second worst year in history last year, sliding an average of 5%; high-profile funds fared much, much worse.
So with a new trading year well under way, you'd think that investors have become soured of institutional opinions by now. But that may be a big mistake.
That's because institutional investors don't measure investment theses by the calendar year. And now that we've ticked into 2012, many of the ugliest bets of last year are starting to pay off. With fund managers getting vindication in the first two months of this year, let's take a look at the stocks they love.
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