Viking, Coatue Post Gains as Rising Stocks Boost Hedge Funds
- Coatue returned 12% through April, while Viking gained 11%
- Industry is lagging the S&P 500 Index once again this year
This article is for subscribers only.
Equity hedge funds including Philippe Laffont’s Coatue Management and Andreas Halvorsen’s Viking Global Investors are making money in 2019, boosted by a strong stock market.
Coatue’s flagship hedge fund returned 3.7% last month and 12% this year through April. Laffont’s firm, which focuses on investing in technology, media and telecommunications stocks, managed about $16 billion as of Dec. 31.