Goldman Says Hedge Funds Had Worst July vs. S&P 500 in 20 Years

Discussion (6 Comments)Read Original on HackerNews

randycupertino•about 2 hours ago

Poor Leo Aschenbrenner, his $30 billion losses ruined his honeymoon! https://www.hindustantimes.com/trending/24yearold-billionair...

snypher•about 1 hour ago

>24 years old

>Situational Awareness LP

Investors shouldn't have expected anything different?

dude250711•about 1 hour ago

I am sure wedding is seen as just another networking opportunity, whereas honeymoon is like a vacation.

randycupertino•19 minutes ago

They had AI investment networking sessions scheduled for the wedding, but after his fund crashed they pivoted the itinerary to sessions about life and philosophy:

> Guests had been invited to networking sessions meant to spark conversations about investment ideas and AI trends. But in what can only be described as peak Bay Area tech culture, these sessions were quietly reworked from bullish market discussions, to sessions about life and philosophy.

https://nypost.com/2026/08/05/us-news/ai-prodigy-leopold-asc...

KellyCriterion•about 2 hours ago

Actually, most of their "special hedge funds" which are sold mainly to wealthy people are not doing good compared to a standard index like SP500 or N100.

Those products have very often hefty fee (plus additional performance component), and the return isnt that spectacular (even before fees).

Snoozus•about 1 hour ago

The Schadenfreude is fine, but maybe they are smarter than the S&P and have bet against some hypes, just a little early?

Goldman Says Hedge Funds Had Worst July vs. S&P 500 in 20 Years

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Discussion (6 Comments)Read Original on HackerNews