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Viking Global 2014 Q2 Investor Letter

According to Viking Global's 2014 Q2 investor letter, its long only fund outperformed the market during the first half of the year. Its long/short fund, Viking Global Equities, returned 6.4% during the first half of this year. Its long only fund, Viking Long Fund, delivered an 9.5% gain for the same period whereas S&P 500 index returned 7.1%. Most hedge funds can't outperform in a rising market...