How China’s young managers grappled with billion-yuan mandates as AI shocks hit portfolios

Source: Biztoc.com· scmp.com· August 15, 2026
How China’s young managers grappled with billion-yuan mandates as AI shocks hit portfolios

As Leopold Aschenbrenner’s US hedge fund saw assets wiped off by more than two-thirds in a single month, some of China’s new portfolio managers also felt the shock across the Pacific, learning bitter lessons early in their careers. The 50-day market turmoil, …

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