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AI Hedge Fund Is Said to Liquidate After Less Than Two Years

  • Sentient Investment has seen returns evaporate this year
  • Once high flying AI-powered funds are now losing money
Updated on

The fledgling world of AI hedge funds is claiming one of its first casualties.

Sentient Investment Management is notifying investors of plans to liquidate the hedge fund it started in late 2016, according to people with knowledge of the situation. The fund managed less than $100 million and hasn’t made money this year after gaining 4 percent in 2017, one of the people said.