DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China Quants

Liang Wenfeng's Zhejiang High-Flyer Asset Management, the quantitative hedge fund behind DeepSeek, suffered a 15.7% loss in the week ending July 17, 2026. The slump reflects a broader rout in Chinese quantitative hedge funds as AI-related stocks experience sharp volatility amid growing concerns of a market bubble. The drawdown highlights the vulnerability of AI-focused quant strategies to sudden market corrections.

First published Aug 4, 01:54 PM UTCUpdated Jul 20, 10:00 AM UTC1 reports · 1 sources

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Last updated: Jul 20, 10:00 AM UTCEditorial record as of Aug 4, 01:54 PM UTC

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DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China Quants

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DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China QuantsThe Business TimesRegionalJul 20, 10:00 AM UTC

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