Hedge Funds Miss the Boat

Shares of the three publicly traded cruise companies have rocketed this year, but few funds have managed to take advantage of the surge.

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Talk about a missed opportunity.

While many hedge funds have bid up tech and software stocks in an obsessive effort to identify the next AI play, they’ve also managed to avoid the stocks of one of the top-performing industries: Shares of the three publicly traded cruise companies have doubled this year, while another is up 60 percent.

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