New Funds Hedge Their Bets on Tech

Managers bank on investors’ continued confidence in tech, despite recent losses.

South of Market, San Francisco’s most start-up-heavy technology hub, is getting a namesake hedge fund firm. Gil Simon, CIO of San Francisco–based long-short equity firm Apex Capital and a leader of the firm’s technology, media and telecommunications strategy, is leaving to launch SoMa Equity Partners.

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