Software Stocks Propel Cadian

The tech hedge fund is surging this year, after avoiding the sharp losses its peers faced in 2022.

Victor J. Blue/Bloomberg

Victor J. Blue/Bloomberg

Cadian Capital Management has raced out to a fast start in 2023.

The tech-driven hedge fund surged more than 8 percent in February, a month in which most of the equity markets were down by a few percentage points. It is now up 14 percent for the year, outpacing most tech funds.

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