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Hedge Fund that beat 99% of peers places contrarian bet on Meta
One top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.
By Michael Msika
As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.
Expensive Silicon Valley tech would not normally feature on the shopping list for the Liontrust GF Tortoise Fund, which its manager Tom Morris describes as a "value-focused hedge fund," seeking out shares it deems to be cheap.
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