Hedge Funds Most Exposed to the Magnificent Seven Face a Key Test
institutionalinvestor
2 months ago
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Several large hedge funds entered the first quarter with concentrated bets on the Magnificent Seven — and are now facing an early test as the group’s sharp decline ripples through portfolios.The S&P 500 is down more than 6 percent in the first quarter, and these market-leading tech companies have dropped even farther, most by double-digit percentages.
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