Tech Stocks Plunged. A Tech Fund Didn’t.

How Cadian Capital Management eked out a gain as markets plunged 10 percent.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

This month’s sharp three-day selloff in tech stocks no doubt spooked many of the hedge funds that have sold their professional fates to the sector.

During that period — the two days before the Labor Day weekend and following Tuesday — the Nasdaq fell about 10 percent.

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