Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman
Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said.
Computer-driven hedge funds surged during the DeepSeek turmoil. Human-driven funds fizzled.
So-called systematic hedge funds — technology driven funds that use machines to make investment decisions — had a very profitable Monday as the market suffered from the turmoil from the launch of the DeepSeek Chinese AI chatbot.
Upstart Chinese AI company DeepSeek’s founder started out as a low-key hedge fund entrepreneur
The 40-year-old founder of China's DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund that now manages a reported $8 billion in assets.
Meet the hedge fund manager who founded DeepSeek, the Chinese AI startup that began as a hobby and is now laying waste to U.S. stocks
After graduating from Zhejiang University, he cofounded the quantitative hedge fund High-Flyer in 2015 and incorporated AI in its t
Chinese Quant Whiz Built DeepSeek In The Shadow Of a Hedge Fund Rout
Liang Wenfeng’s quantitative hedge fund firm apologized profusely to investors for losing money during a tumultuous period for China’s stock market.Most Read from BloombergTexas HOA Charged With Discr
HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of ...
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Point72’s Steven Cohen is looking beyond hedge funds, building ‘other types of funds’
Point72 recently launched a private credit business. Cohen, who is also chair and president of the firm, noted there are ...
Who foresaw the DeepSeek-caused sell-off of Magnificent 7 stocks? Hedge funds, which have been cutting exposure for months.
Managers like Mala Gaonkar's SurgoCap Partners sold out of big-name US tech companies before the tech sell-off, filings show.
Senate slated to vote on South Carolina billionaire hedge fund executive to lead US Treasury
Trump's Treasury secretary pick, Scott Bessent, says extending the 2017 Tax Cuts and Jobs Act is the 'single most important ...
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AI, hedge fund returns, political uncertainty top of mind at Global Alts conference
Michael Wilson, chief U.S. equity strategist and chief investment officer at Morgan Stanley, told a panel that the recent ...
New York City is still the center of the hedge fund universe. Here are the numbers.
Many of the biggest multistrategy hedge funds are headquartered outside the Big Apple, but New York is where they have the ...
High-Flyer, the AI quant fund behind China's DeepSeek
Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, ...
Scott Bessent, hedge fund billionaire, is Trump's treasury secretary
Scott Bessent will lead President Donald Trump 's financial agenda as treasury secretary. Bessent, a billionaire hedge fund ...