Light Street Capital Management had a return of over 37% last year, outperforming other stock selection hedge funds, allowing investors to recover all losses after being hit hard in 2021 and 2022. According to people familiar with the matter, Glen Kacher's company that heavily invests in technology stocks is far from the only stock selection fund that has achieved double-digit returns. Maverick Capital rose about 29% last year, Whale Rock Capital Management rose 27%, and Lone Pine Capital rose 23%. This marks the third year in a row that Light Street, with assets under management of $1.1 billion, has achieved double-digit returns.

Light Street Capital Management had a return of over 37% last year, outperforming other stock selection hedge funds, allowing investors to recover all losses after being hit hard in 2021 and 2022. According to people familiar with the matter, Glen Kacher's company that heavily invests in technology stocks is far from the only stock selection fund that has achieved double-digit returns. Maverick Capital rose about 29% last year, Whale Rock Capital Management rose 27%, and Lone Pine Capital rose 23%. This marks the third year in a row that Light Street, with assets under management of $1.1 billion, has achieved double-digit returns.