Quant Crash in China Sends DeepSeek Founder’s Funds Down 20%

China’s quantitative hedge funds suffered steep losses in July after a rout in stocks linked to artificial intelligence, pushing some funds into the red for the year and leaving others...

By Bloomberg News · Bloomberg Markets

China’s quantitative hedge funds suffered steep losses in July after a rout in stocks linked to artificial intelligence, pushing some funds into the red for the year and leaving others doing little better than benchmark stock indexes.