Multi-strategy hedge funds Balyasny Asset Management and Verition Fund Management both posted losses last month, hurt by a selloff in artificial intelligence stocks. Balyasny fell 1.5% in July, trimming its year-to-date return to 1.2%, while Verition dropped 1.1%, lowering its 2026 gain to 4.5%, according to people familiar with the matter who asked not to be identified because the figures are private. Not all funds suffered: Citadel's flagship Wellington fund rose 5.9% in July, helped by taking on positions from Situational Awareness. ExodusPoint Capital Management slipped 0.9% but remains up 3.5% for the year. Bloomberg reported the figures.
Multi-strategy hedge funds Balyasny Asset Management and Verition Fund Management both lost money in July, as a selloff in artificial intelligence stocks rattled markets and weighed on a broad swath of the industry.
Balyasny fell 1.5% last month, narrowing its return for the first seven months of the year to 1.2%, according to a person familiar with the matter. Verition dropped 1.1%, bringing its year-to-date gain down to 4.5%, another person said. Both people asked not to be identified because the performance figures are private.
Not every manager ended the month in the red. Citadel's flagship Wellington fund gained 5.9% in July, helped by taking on positions from Situational Awareness. ExodusPoint Capital Management slipped 0.9%, though it still holds a 3.5% gain for the year. Bloomberg reported the numbers.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
