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The Marked Chart Wire · Markets
HotAI Hedge Funds
The AI-focused hedge fund lost 33 percent in October, its second major decline this year. The firm disclosed large positions in Bloom Energy, Nebius, and CoreWeave in June filings.
Part of a series: Hedge Funds: the latest, in order
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Hedge Funds
VARA dropped 33 percent in October while Kirkoswald posted its worst month on record. Walleye Capital is returning capital, and Engineers Gate reduced its equities team.
Hedge Fund Stress
Unconfirmed reports suggest the $20 billion hedge fund is closing due to losses. Its Cypress fund dropped 30 percent in Q3, wiping out earlier gains.
HotAI Selloff
The volatility index rose 69.66 percent to 28.18, marking its third biggest daily percentage gain since 1990. The S&P 500 dropped 4.36 percent and the Nasdaq fell 5.52 percent during the AI-driven decline.
HotS&P 500
The index dropped to 7,353.73 on Thursday, remaining slightly higher than the 200-day average of 7,323. This decline places the market 5.95% below its October peak.
AI Selloff
Goldman Sachs attributes the market decline to hedge funds reversing trades and institutions staying out, rather than specific stock liquidations. The bank noted that volatility traders started taking advantage of mispriced options while some investors bought dips in major tech names.
HotAI Selloff
Nvidia stock dropped 9.3 percent, its sharpest decline since January 2025, amid fears of stricter data center rules. The move cut Jensen Huang's fortune by $15.1 billion and contributed to a $185 billion loss among the world's wealthiest individuals.
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