Why Hedge Funds Are Betting Big on Alibaba and Baidu for 2024

Many of the world's most influential hedge funds use relative value strategies, which involve going long on undervalued stocks and shorting overvalued stocks. This approach is part of long/short equity strategies, a common practice in hedge funds to manage risk and maximize returns regardless of whether the overall market is rising or falling.Today, because of 13F filings, retail investors are able to track which stocks hedge funds are buying or selling — which can help them identify potential undervalued o ...