Hedge fund pick of the week (CNBC): Lorrilard (LO)
Here's CNBC's weekly hedge fund pick of the week and another window into piggyback investing for our readers. Every week. Anthony Scaramucci aka 'The Hedge', offers insight at the names getting the most buzz across the hedge fund community. Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. This week focuses on cigarette manufacturer Lorillard ($LO), which he thinks is inexpensive, defensive and has a nice dividend (> 5%).