Hedge Funds Take Big Hit in July After Bruising AI Selloff

A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.

The significance of this report depends on the decisions, official reactions or confirmation that follow. The current assessment is initially based on reporting by Bloomberg.

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