The specter of upper borrowing costs prompted traders to rethink their long-held affection for tech companies. The rush for the exits created trouble for hedge funds whose concentrated bets on speculative software have been still elevated even after unwinding some of those positions late final yr. On Tuesday, Goldman’s long-short fund clients suffered their worst alpha drawdown, or below-market returns, in a year.
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Salmek’s dehumidifier makes use of a …