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Hedge Funds Insight: Double-Digit 2023 Performance

Hedge funds faced hurdles in 2023 due to a surge in bond yields. While many underperformed stock market indexes, a few saw double-digit gains, supported by strong technology shares.

Bill Ackman, founder and CEO of Pershing Square Capital Management, a hedge fund which outperformed peers in 2023. PHOTO: Adam Jeffery/CNBC
Bill Ackman, founder and CEO of Pershing Square Capital Management, a hedge fund which outperformed peers in 2023. PHOTO: Adam Jeffery/CNBC

SoMa Equity Partners, a tech-focused fund, outperformed the S&P 500 and Nasdaq Composite, boasting a remarkable 62% return.

Their success was attributed to investments in companies like Meta Platforms Inc,

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