Viking Global fund loses 1.2% in October on AI avoidance
In short
Viking Global Investors’ main hedge fund fell 1.2% in October after it mostly stayed away from big AI stocks.
The fund still did better than many of its rivals, showing that avoiding the hottest AI shares helped it limit damage even though it still lost money.
What the reporting says
Viking Global Investors’ flagship hedge fund fell 1.2% in October after largely avoiding high-flying artificial-intelligence stocks. The fund did better than many rivals over the same period. The result reflects a stock-picking stance that kept it away from the biggest AI winners during the month.
Why it matters
That positioning helped it fare better than many rivals during the month, even though the fund still posted a loss. The story centers on hedge-fund performance and portfolio exposure to AI leaders.