Hedge Funds Take Big Hit in July After Bruising AI Selloff
Hedge funds experienced significant losses in July following a major selloff in artificial intelligence stocks. The decline was particularly severe for leveraged funds like Situational Awareness, which was forced to liquidate most of its stock holdings at reduced prices, with Citadel acquiring portions of the portfolio.
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Hedge Funds Take Big Hit in July After Bruising AI Selloff
Hedge funds experienced significant losses in July following a major selloff in artificial intelligence stocks. The decline was particularly severe for leveraged funds like Situational Awareness, which was forced to liquidate most of its stock holdings at reduced prices, with Citadel acquiring portions of the portfolio.
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