In brief

  • Lone Pine’s flagship fund fell 30% in the third quarter after gaining 44% through June

  • AI-related stock bets, including Nebius and ASML, turned sharply lower during the quarter.

  • The fund ended September up just 0.6%, wiping out almost all its earlier gains.

Read the original story: One of Wall Street’s best hedge funds just lost its 44% gains because of AI bets, by Lockridge Okoth, on fi.beincrypto.com