Hedge funds

Concerns over AI spending, Middle East conflict sparked heavy selling in semiconductor stocks, hammering Asian chip giants

Recent spree unfolded as US authorities were also racing to contain cyberattacks on water systems

Hedge funds’ capacity to hold tech exposures may be structurally reduced

The billionaire investor has a habit of identifying opportunities and showing up with a cheque book

Situational held positions in several prominent tech names including Broadcom, Intel and CoreWeave

Sharp selloff in AI-related stocks has forced the fund to exit many of its positions

Overall industry growth is attracting interest from Singapore’s GIC and the Abu Dhabi Investment Council

Singapore sovereign wealth fund sees need for more flexibility amid geopolitical tensions, AI advances

Leveraged traders boosted wagers on further losses in the currency to nearly 138,000 contracts as at Jun 30