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Hedge Fund

TCI Slashes Microsoft Stake Over AI Disruption Risk

hedgeco

2 months ago

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(HedgeCo.Net) For years, Microsoft occupied a rare place inside global hedge fund portfolios: a mega-cap technology company with the stability of an infrastructure utility, the margins of a software monopoly, the balance sheet of a fortress and the growth profile of a cloud-computing leader. It was not merely a technology stock. For many long-only funds, activist investors and concentrated hedge fund managers, Microsoft became one of the safest expressions of the enterprise software era.

That...

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