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Wall Street’s largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence.
During the June quarter, hedge funds cut their exposure to laggards in industries like aerospace and defence, and consumer and retail, as part of a broader move back to momentum investing.
It marks a big shift from earlier this year when bets on Big Tech had soured for top money managers due to tariff-fuelled volatility…
