Friday, 6 November, 2026
AI Retraction Trigger: Tech Rout Erases Hedge Fund Profits and Forces Layoffs
By TechShots Studio
A sharp selloff in tech equities has wiped out year-to-date gains across major hedge funds, forcing firms to aggressively slash risk and downsize investment staff. High concentration in crowded AI trades amplified the losses, prompting funds like $17 billion Walleye Capital to cut equity teams and return capital to investors as market volatility continues to unwind leveraged positions.
Read full story at REUTERS