- Crossover hedge funds typically posted big losses in 2022
- New launches, better outlook and bullish mood could drive surprising turnaround
- Strategies combine public and private market investments
Crossover funds, typically running an equities strategy mixing public and private market investments, reached their zenith during the easy-money peak of the pandemic years.
The bull market was turbo-charged by stimulus packages, pushing share prices in tech to incredible multiples, while valuations in private markets surged. Hedge funds who had moved into crossover investing reaped the rewards.
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