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Viking, Coatue Post Gains As Surging Stocks Boost Hedge Funds

by bloomberg.com posted 2weeks ago 17 views
Equity hedge funds such as Philippe Laffont’s Coatue Management and Andreas Halvorsen’s Viking Global Investors are making money in 2019, boosted by a strong stock market. Coatue’s flagship hedge fund returned 3.7% last month and 12% this year through April, according to people familiar with the firm. Laffont’s firm, which focuses on investing in technology, media and telecommunications stocks, managed about $16 billion as of Dec. 31. Viking’s Global Equities was up 0.8% in April and 11% in 2019, said some of the people, asking not to be identified because the information isn’t public.

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