Balyasny and Verition Hedge Funds Post July Losses Amid AI Stock Selloff

Balyasny dropped 1.5% and Verition fell 1.1% in July due to AI sector weakness, while Citadel’s Wellington gained 5.9%, highlighting divergent hedge fund performance.

Woofun AI reports that multi-strategy hedge funds Balyasny Asset Management and Verition Fund Management recorded losses in July as declines in AI-related equities impacted market stability. Balyasny’s return decreased by 1.5% for the month, reducing its cumulative first-seven-month return to 1.2%. Verition declined 1.1%, bringing its year-to-date return to 4.5%. Conversely, Citadel’s flagship Wellington fund rose 5.9% in July by adjusting positions in Situational Awareness, while ExodusPoint Capital Management fell 0.9%, with a year-to-date gain of 3.5%.