Hedge Fund Trade Of The Week Is BUD

CNBC's post-market show, Fast Money, has introduced a new segment which highlights a stock that is growing in popularity among the hedge fund community. Anthony Scaramucci, who is a managing director at Skybridge Capital, said that the hedge fund trade of the week is Anheuser-Busch InBev (NYSE: BUD).

He said that managers want to be positioned defensively as a result of the current volatility in the markets, and that this is an attractive vehicle to lower portfolio risk. Anheuser-Busch Inbev (BUD) came about as a result of a buyout of Anheuser-Busch by Belgium brewing company InBev.

Scaramucci said that hedge fund managers are attracted by the stock's compelling valuation and the perception that the beer market will hold up well if global growth is not able to keep up with expectations.