Quant Crash in China Sends DeepSeek Founder’s Funds Down 20%

China’s quantitative hedge funds suffered steep losses in July after a rout in stocks linked to artificial intelligence, pushing some funds into the red for the year and leaving others doing little better than benchmark stock indexes. China’s quantitative hedge funds suffered steep losses in July after a rout in stocks linked to artificial intelligence, pushing some funds into the red for the year and leaving others doing little better than benchmark stock indexes.