These Hedge Funds Made Money in January’s Downturn

While many of their peers were down sharply last month, several funds specializing in either tech or healthcare were up.

Marc McAndrews/Bloomberg

Marc McAndrews/Bloomberg

It’s no secret that January was a nightmare for many tech and healthcare funds, especially for the many funds that were down by double digits. These include big names like Tiger Global, Melvin Capital, Perceptive Advisors, and RTW Investments.

But several funds that specialize in tech and life sciences stocks did manage to make money last month.

Averill

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