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Crossover hedge funds are still launching despite a rough 2022
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Hedge funds investing in fast-growing public and private companies lost tens of billions of clients’ money last year. That isn’t stopping more “crossover” funds from launching.
Mala Gaonkar, 53 years old, a former co-investment chief of Lone Pine Capital, launched her New York-based crossover fund, SurgoCap Partners, on 3 January with $1.8bn, people familiar with her firm said.
Gaonkar’s...
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