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FinanceDeepSeek Founder's Fund Slumps 15.7% in Week as AI Rout Hits China Quants
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Liang Wenfeng's Zhejiang High-Flyer Asset Management, a Chinese quantitative hedge fund, suffered a 15.7% loss in the week ending July 17, 2026. The decline is attributed to a broader rout in AI-related stocks, intensifying concerns about a potential bubble in the sector. The sharp drawdowns highlight the vulnerability of Chinese quantitative funds to wild swings in AI stocks. The article, published by The Business Times on July 20, 2026, underscores the impact of market volatility on AI-focused investment strategies in China.
Source report
Liang Wenfeng’s Zhejiang High-Flyer Asset Management loses 15.7% in the week ended Jul 17
Published: Mon, Jul 20, 2026 · 06:00 PM
The sharp drawdowns faced by Chinese quantitative hedge funds highlight the impact of the wild swings in AI-related stocks as worries of a bubble intensify.
- Liang Wenfeng’s Zhejiang High-Flyer Asset Management recorded a loss of 15.7% in the week ending July 17.
- The slump reflects broader volatility in the AI sector, which has seen significant turbulence amid growing concerns over overvaluation.
Photo: REUTERS
Source
The Business TimesRegional
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DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China Quants