Cadian Cashes Out of Several Top Holdings

The red-hot tech-oriented hedge fund saw several of its biggest investments become targets of deals in recent months.

Illustration by II

Illustration by II

Cadian Capital Management may not be an activist or an arbitrageur — but since the second quarter, at least four of the companies in which the long-short equity hedge fund has invested have been acquired, agreed to be taken over, or merged.

The

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