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Hedge Funds That Returned 20% Show All Is Not Lost

  • SoMa Equity, Cadian Capital won with wagers on tech firms
  • Some marquee managers posted biggest losses in many years
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As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived.

SoMa Equity Partners, a $1.2 billion long-short equity fund, rose about 20 percent in 2018, according to an investor document seen by Bloomberg. The $1.5 billion Cadian Capital Management notched a similar gain, according to a person familiar with the matter. And Luxor Capital Group, a $3.2 billion event-driven fund, posted a robust return as well, another person said.