Margate Capital Wins On Tech In Q3: Salesforce, Activision Blizzard, Microsoft
While many hedge funds continued to struggle in the third quarter, we are starting to see a pick-up in returns. Margate Capital was among those which were in the green in Q3 as it benefited from continuing strength in non-FANG tech stocks, especially cloud services and video games. The hedge fund returned 4.19% gross in Q3, with its long positions returning 5.32%.
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