Equity stress: hedge fund deleveraging and AI funding wobble
Hedge funds are cutting gross exposure sharply, a fund reportedly got margin called, and OpenAI reportedly cut its funding target by $10B.
What we know
Morgan Stanley Prime Brokerage data shows gross exposure down about 7.8% from peak. Arini was reportedly margin called. OpenAI reportedly cut its funding target by $10B. Siegel suggests Anthropic issue stock rather than bonds. Some are eyeing GOOG and NVDA dips.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.