Economic TimesLean R·
Hedge funds on track for another stellar year on AI boom
Global hedge funds are on track for an exceptional year, surpassing previous performance benchmarks. In the first half of the year, the average return reached seven percent, well above the historical average. With rising investor interest, nearly half of the investors are looking to increase their hedge fund commitments. Particularly, equity long/short funds have posted remarkable gains by leveraging stock-picking strategies, showing a substantial advantage over conventional passive investment …
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