Billion-dollar Startups Show New Hedge Funds Are Thriving

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(Bloomberg) -- Hedge fund launches this year are on pace to match last year’s numbers, even as returns have been more subdued than 2020’s big gains. And the 2022 startups could be even bigger, possibly led by former Viking Global Investors manager Divya Nettimi, given that Viking has spawned some of the most notable debuts of the past few years, according to people familiar with her plans. Most of the startups will focus on equities, specializing in areas such as biotech or technology and hoping to capitalize on 2020’s outperformance by such specialized hedge funds, which beat the broader market.

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