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Hedge Funds That Don’t Actually Hedge Are Killing It This Year

Light Street and Tiger Global are among many hedge fund firms whose long-only funds are outperforming.

In a very volatile year marred by a bear market, several of the best performing funds managed by hedge fund firms have been ones that do not hedge — specifically, long-only funds.Many of them have overcame and erased a huge early sell-off and are now beating the major stock market

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