piling

Nasdaq: Hedge-Fund Backers Are Piling Into Stockpicking Managers Again

It appears that enough time has passed since 2022’s disastrous run for hedge-fund backers to finally trust long-short equity managers again.Last quarter, stockpicking hedge funds raised a net total of $22.8 billion — the most of any strategy subset — in their first quarter without net outflows since 2022, according…