This Hedge Fund Made a Big Bet on MuleSoft Months Before Takeout

(Bloomberg) Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings.Christopher Devlin, manager of the $47 million Lynchburg, Va.-based Selective Opportunity Fund, saw his MuleSoft holdings more than double in value after he started accumulating the position in July. In an interview, Devlin said his current stake is worth $11.4 million, for a gain of 110 percent.

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