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%. Q3 hedge fund letters, conference, scoops etc Margate especially likes cloud services and video games. The fund’s top five performers during the third quarter were Salesforce, Take-Two Interactive, Microsoft, Activision Blizzard and Adobe Systems. Cloud winners: Salesforce and…