VARA AI fund, once managing $20-26B, rumored to have blown up after 44% July drop
SumitGup · x · 2026-10-16
A rumor circulating on X claims VARA AI fund — a major AI-focused hedge fund founded in 2022 with roughly $20-26B AUM as of mid-2026 — has blown up, with Martin Shkreli among those amplifying the talk.
The fund was heavily invested in infrastructure, data centers, and power companies, and had already dropped 44% in July 2026. Unconfirmed for now, but if true it would be a landmark blowup for AI compute-linked investing.
Related event: Rumors Swirl That $26 Billion VARA AI Fund Has Blown Up(2 posts)→
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