Economy
Hedge fund VARA loses 33% in October amid volatility in AI stocks
Livemint1h
THE BRIEF
1
Value Aligned Research Advisors (VARA) reported a 33% decline in October as markets reassessed the profitability of massive AI-related debt.
2
The Nasdaq 100 fell 6.7% last month, while the Philadelphia Semiconductor Index dropped 12% on Thursday, marking its largest decline since March 2020.
3
Despite the recent losses, the firm claims it remains stable, maintaining low leverage and constructive outlooks on future AI investment opportunities.