While post-tariff returns aren’t in, D1, Viking, Lone Pine, and others outperformed the market in March and the first quarter.
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Eric Veiel is not directing portfolio managers to prepare for the end of dollar hegemony, but he is watching closely as cracks start to form.
Hedge funds that were once a big source of capital to venture are wary of new commitments despite the reset in company valuations since the peak in 2022.
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