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What’s Driving This Perry Alum’s Uncorrelated Returns

Technology specialist Cadian Capital is surging this year — without any help from the most popular hedge fund stocks.

Cadian Capital Management, headed by Perry Capital alum Eric Bannasch, is off to another strong start and is now poised to post its best back-to-back performance in eight years.Its two long-short equity funds, Cadian Fund and Cadian Offshore Fund, surged 8.3 percent in May, according to a person familiar with

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