Long-short equity funds have experienced a significant turnaround in fundraising, with a net total of $22.8 billion raised in the first quarter of the year, marking their best performance since 2022. This resurgence reflects a renewed faith in stockpicking strategies, especially as previous big players like Tiger Global and Coatue have adjusted their approaches after major setbacks. Despite recent market uncertainties, these funds managed to remain stable while major indexes fell, suggesting they could be a promising investment option going forward.
"While Q2 performance is still an open question, based on Q1 performance results, we speculate that equity managers were relatively well positioned heading into the quarter."
"Three years ago, big names like Tiger Global, Coatue, and Lone Pine suffered serious drawdowns while Gabe Plotkin closed his once-high-flying Melvin Capital."
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