AI Equities Funds Plunge in July but Up YTD; Renaissance Shorts Shitcos
ivan_bezdomny · x · 2026-08-06
Quant trader quantian1 summarizes: AI equities funds saw massive declines in July but are up significantly year-to-date. Multistrategy funds mostly lost, except Citadel which made $5B from buying out Leo. Renaissance Technologies is aggressively shorting low-quality stocks, posting a monster month despite recent drawdowns.
More from Venture
- Anysphere Hits $1.4B ARR with Accelerating 48% YoY Growth — tonyzzhao · 2026-08-06
- Selling Human Expertise as AI Agents: Is the AgentBnB Marketplace Viable? — richie9830 · 2026-08-06
- Absurd Silicon Valley Comedy: Top AI Founders Get $7B Valuation Without a Pitch Deck — ziv_ravid · 2026-08-06
- Disney's New TikTok Deal: A Trojan Horse for AI-Generated Characters — adariostrange · 2026-08-06
- AI is the Fastest Tech Shift Ever, Value Moving to Apps, Says Investor — mattturck · 2026-08-06
- Maximor Achieves 35x Revenue Growth in 9 Months with <$8M Raised — RajaswaPatil · 2026-08-06