Software Stock Sell-Off Bottomed Out? Hedge Funds Speak Out: Have Bought the Dip

Glonghui, February 28th｜Recently, Sydney-based hedge fund GCQ Funds Management publicly stated that the sell-off in software stocks has bottomed out, and it has taken advantage of the market correction to purchase technology stocks worth about 200 million Australian dollars (approximately 143 million US dollars). The fund sold some of its best-performing stocks, including holdings in European luxury goods companies, and reallocated the capital to the previously heavily declined software sector.