Brad Gerstner's hedge fund, Altimeter Capital Management, made significant portfolio changes in the fourth quarter, closing its largest position in the KraneShares CSI China Internet ETF. Although the fund's assets decreased from $6.75 billion to $5.55 billion, it actively executed 27 moves, highlighting a strategic shift toward cash and growth stocks. The sale of KWEB generated close to $200 million, enabling investments in two promising stocks, one being Flutter Entertainment. This reflects a weighted focus on future growth and market responsiveness in a volatile landscape.
Billionaire Brad Gerstner's hedge fund closed its largest China position in the fourth quarter, reallocating funds into two promising growth stocks.
Altimeter Capital Management finished 2024 with a focused portfolio, having made 27 significant moves in the last quarter, including reducing stakes and new investments.
The decision to sell KWEB, generating nearly $200 million, provided most of the funds necessary for Altimeter's new investments, pointing to a strategic shift.
Altimeter's investment approach reflects a focus on growth stocks, as seen in their successful position in Flutter Entertainment, highlighting the hedging strategy.
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