How China’s young managers grappled with billion-yuan mandates as AI shocks hit portfolios

Portfolios reeled from AI-driven shocks in June and July. Photo: Getty Images

As Leopold Aschenbrenner’s US hedge fund saw assets wiped off by more than two-thirds in a single month, some of China’s new portfolio managers also felt the shock across the Pacific, learning bitter lessons early in their careers.

The 50-day market turmoil, sparked by a global correction in artificial intelligence stocks in June, turned some of China’s rookie managers into an unwitting focal point. Even seasoned investors faced

Dr. Anthony Fauci declines request to appear before a second Senate panel after GOP contempt vote

Dr. Anthony Fauci on Friday declined a request to appear voluntarily before a second Senate panel after majority Republicans on the Homeland Security Committee voted along partisan lines last week to hold the longtime infectious disease expert in contempt.

港股ADR預計恆指下周一高開245點 報25,363點


Multi-vehicle crash closes portion of Hwy. 27 near Nobleton

A multi-vehicle crash closed Highway 27 for almost two hours in both directions near Nobleton. Police in York Region say two vehicles collided on Highway 27 between 15th and 16th Sideroad around 7:30 p.m. Friday. There was no immediate word on any injuries. The highway was reopened to traffic around 9 p.m.

劍橋前明星黑人教授在家身亡 家人哀他「無法承受假資訊攻勢」

上週因為捲入論文剽竊醜聞且面對校方展開調查而辭去劍橋大學教育社會學教授一職的 Jason Arday【文首照片】, 週五下午被發現在倫敦南部 Battersea 的家中身亡 ,終年41歲。

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View the location of the quake’s epicenter and shake area.

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View the location of the quake’s epicenter and shake area.