Hedge Funds Outperform Markets in January Despite Volatility
In January, hedge funds managed by former protégés of Julian Robertson surpassed broader equity markets, weathering fluctuations caused by the emergence of Chinese AI upstart DeepSeek and tariff threats.
Top Performers
* Tiger Global Management: 6.3% gain
* Coatue Management: 4.4% gain
* Whale Rock Capital Management: 8.4% gain
* Viking Global Investors: 2% gain
* D1 Capital Partners: 7.7% gain (public equity portfolio)
Market Context
* S&P 500: 2.7% rise
* Nasdaq: 1.6% return
Key Factors
* AI concerns from DeepSeek contributed to volatility.
* Facebook (Meta) holdings may have benefited Tiger Global and Coatue.
* Federal Reserve paused easing campaign, signaling a cautious approach.
Industry Response
* Tiger Global, Whale Rock, D1, and Viking declined comment.
* Coatue did not respond to a request for comment.