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The hedge fund firm sharply lagged the market in August.
A biopharma with several hedge funds as investors has filed rare plans to go public.
One of the funds with the largest exposure to the AI juggernaut is Glen Kacher’s Light Street Capital Management.
A majority of the 20 stocks most widely held by hedge funds saw an increase in ownership in the second quarter.
“Despite Apple’s dominance as a business, its stock had become increasingly ‘underowned’ by institutional investors,” Loeb says.
Paul Wick’s tech-focused fund has been “extremely active” on the short side over the past few months.
Some CTAs were punished last month by currencies and declines in commodities.
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