# Hedge Fund Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Hedge Fund", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

The Hottest 00s Generation on Wall Street

"Wall Street's Hottest '00s Phenom: The 25-Year-Old Fund Manager Who Bet on AI's 'Boring' Backbone" At just 25, Leopold Aschenbrenner, once fired by OpenAI, now runs a hedge fund worth $13.7 billion. His strategy? Betting against the consensus. While others chased AI chips, he invested early in the physical infrastructure powering the AI boom: electricity, data centers, and energy. Expelled from OpenAI's safety team in 2024, Aschenbrenner foresaw the coming bottleneck. He argued that AI progress would be limited not by algorithms, but by power, chip capacity, and space. Acting on this, he founded Situational Awareness LP to go long on these "old economy" assets. His bets have paid off spectacularly. His fund's assets soared from $255 million in late 2024 to $13.7 billion by Q1 2026. His portfolio is a direct reflection of his thesis: major long positions in fuel cell company Bloom Energy and data center/bitcoin mining firms like CleanSpark and Riot Platforms, which control critical land and power resources. Conversely, he holds massive put options against overheated semiconductor giants like NVIDIA and AMD. A notable exception was his bullish bet on storage company SanDisk, which surged ~160% in Q2. Aschenbrenner's vision is materializing. Tech giants like Amazon, Alphabet, and Meta are ramping up colossal capital expenditure on data centers. Global data center power consumption is projected to skyrocket, with AI accounting for over half by 2030. The demand for enabling technologies like optical fiber and modules is also exploding. His story underscores a fundamental truth of the AI era: the ethereal intelligence of algorithms rests on a very physical, heavy, and power-hungry foundation. The future is being built not just in code, but in concrete, copper, and kilowatts.

marsbit05/31 07:54

The Hottest 00s Generation on Wall Street

marsbit05/31 07:54

Silicon Bull, Carbon Bear: The Wealth Code of 2026 is Only 'Chips' and 'Light'

The article, titled "Silicon Bull, Carbon Bear: In 2026, the Wealth Code Lies Only in 'Chips' and 'Optics'", discusses the extreme market divergence in 2026 driven by the AI investment frenzy. Investment managers who concentrated on the AI hardware supply chain, particularly computing infrastructure, optical modules, and memory chips, have seen their fund net asset values (NAVs) surge dramatically, even reaching record highs. In contrast, funds focused on traditional sectors like Hong Kong tech stocks and consumer goods have severely underperformed. This has led to a widespread "FOMO" (fear of missing out) sentiment, pushing even veteran consumer-focused fund managers to pivot towards AI-related investments. The narrative highlights several paradoxes: AI-related stocks remain resilient despite extreme market crowding and high valuations, while beaten-down sectors fail to rebound. The author dubs this split market "Silicon Bull, Carbon Bear," suggesting a bull market only for those invested in silicon-based tech (AI hardware) and a bear market for carbon-based traditional economy sectors. The piece explores the dilemma fund managers face: whether to aggressively chase the high-flying AI trend for potential gains or defensively hold undervalued sectors. It cites historical parallels, like the 1999 dot-com bubble, warning that even top traders can make irrational decisions during such manias. Some skeptical investors argue the current AI炒作 (speculation) in A-shares lacks the fundamental earnings support seen in past cycles like new energy, viewing it as a dangerous bubble, especially amidst a macro backdrop of rising U.S. bond yields. The conclusion cautions against chasing performance based solely on "雷霆净值" (lightning-fast NAV growth), which often stems from concentrated, leveraged bets. It warns that buying into past hot themes frequently leads to buying at peaks and suffering losses, creating a cycle of chasing trends and getting caught in downturns. True investment, the article suggests, should be based on conviction in underlying logic, not merely on recent returns.

marsbit05/21 07:46

Silicon Bull, Carbon Bear: The Wealth Code of 2026 is Only 'Chips' and 'Light'

marsbit05/21 07:46

Is Citadel’s XRP ETF A Game-Changer Or Is It Another Empty Whistle?

Citadel Advisors, led by Ken Griffin, has reportedly closed all put options on its Canary XRP ETF while retaining 34,900 call options, signaling potential bullish confidence in XRP's price. An unverified 13F filing suggests Citadel holds $1.7 million in XRP ETF exposure. This follows the firm's earlier $500 million investment in Ripple in November 2025. Concurrently, XRP spot ETFs recorded their highest weekly inflow in 2026 at $60.5 million, bringing total net inflows to $1.39 billion. Analysts note institutional accumulation contrasts with retail selling, likely anticipating key regulatory and market developments like the CLARITY Act and Fed Chair appointment. These moves suggest large funds are positioning for potential upside ahead of significant XRP ecosystem events.

bitcoinist05/19 21:31

Is Citadel’s XRP ETF A Game-Changer Or Is It Another Empty Whistle?

bitcoinist05/19 21:31

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

Forbes: U.S. Debt 'Crisis' Could Trigger Bitcoin Surge The article discusses warnings from prominent financial figures about the precarious state of the U.S. dollar and national debt, and how this could benefit assets like Bitcoin. Hedge fund founder Ray Dalio warns the U.S. is spending 40% more than it earns, with debt at six times income, a historically problematic situation that devalues fiat currencies and lifts gold. Analysts note the U.S. is paying hundreds of billions in net interest on its $39 trillion debt, risking a "debt spiral." Concurrently, JPMorgan analysts suggest a shift in the "debasement trade" from gold to Bitcoin, noting Bitcoin ETF inflows have surpassed those of gold ETFs, especially following the Iran conflict. Billionaire Stanley Druckenmiller predicts the dollar may not remain the world's reserve currency in 50 years, potentially replaced by "some crypto thing." Elon Musk's warnings about a post-fiat era and Janet Yellen's concerns about potential "hyperinflation" under a Trump presidency are also cited as factors that could ignite Bitcoin's price. The piece positions Bitcoin, with its capped supply, as a potential digital gold and hedge against fiscal instability and currency debasement.

marsbit05/14 00:04

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

marsbit05/14 00:04

The "Big Short" Prototype Makes a Major Bet: Shorting Nvidia, Going Long on Software Stocks 'Scared Away' by AI

'The Big Short' Legend Michael Burry Doubles Down on AI Bet: Shorts Nvidia, Buys Beaten-Down Software Stocks As the Nasdaq hits record highs and Nvidia's market cap nears $5.3 trillion, Michael Burry—famed for his 2008 subprime mortgage bet—is making a major contrarian move. He is significantly expanding his bearish wagers against the AI frenzy while buying traditional software stocks he believes have been unfairly punished. Burry's latest portfolio adjustments, revealed in his Substack column, include maintaining and increasing put options on Nvidia and Palantir. He has also initiated new short positions on Palantir and expanded bearish bets on the semiconductor ETF (SOXX), the Nasdaq 100 ETF (QQQ), and Oracle. Simultaneously, he is buying shares of software companies like Adobe, Autodesk, Salesforce, and Veeva Systems. He argues these stocks have been sold off due to "AI disruption" fears and technical selling pressure from private credit funds, not deteriorating fundamentals. Their valuations have fallen to multi-year lows. This creates a complete hedge: short the perceived "AI winners" and long the oversold "AI losers." Burry believes the current AI infrastructure spending boom mirrors the late-1990s internet bubble, with inflated demand projections and questionable accounting practices by large cloud customers extending GPU depreciation schedules. While his Palantir short is currently profitable, his Nvidia put options are deeply underwater as the stock trades near all-time highs. Burry remains steadfast, comparing Nvidia to Cisco during the dot-com era. He anticipates a broad repricing of the AI bubble, where overvalued beneficiaries fall and unfairly battered companies rebound.

marsbit05/10 03:06

The "Big Short" Prototype Makes a Major Bet: Shorting Nvidia, Going Long on Software Stocks 'Scared Away' by AI

marsbit05/10 03:06

‘The Big Short’ Prototype Doubles Down on AI Crash Bets: Continues Shorting Nvidia and Palantir, While Buying Software Stocks

Michael Burry, the investor made famous by "The Big Short" for betting against the subprime mortgage bubble, is now building a comprehensive portfolio to bet against the AI rally. He maintains and has increased his bearish bets on AI beneficiaries Nvidia and Palantir, while expanding his short positions to include semiconductor ETF SOXX, Nasdaq 100 ETF QQQ, and Oracle. Concurrently, he is buying shares of traditional software companies like Adobe, Autodesk, Salesforce, and Veeva Systems, which have seen their prices decline amid the AI frenzy. Burry's core thesis is that an "AI infrastructure overbuild" is creating a bubble, drawing parallels to the dot-com era. He argues that major cloud customers are extending GPU depreciation schedules to inflate profits and that current capital expenditures are based on overly optimistic demand forecasts. While his short on Palantir is currently profitable, his Nvidia put options are underwater as the stock nears all-time highs. The combination of shorting high-flying AI stocks and buying depressed "AI victim" stocks forms a market-neutral hedge. Burry is betting that a repricing of the AI narrative will punish the former group while benefiting the latter.

marsbit05/09 06:48

‘The Big Short’ Prototype Doubles Down on AI Crash Bets: Continues Shorting Nvidia and Palantir, While Buying Software Stocks

marsbit05/09 06:48

King of Death Spiral Financing: Riding the Bitcoin Wave to the Top of Japan's Capital Market

Michael Lerch, a controversial American investor and head of Evolution Financial Group, has become the dominant force in Japan's "death spiral" financing market. His fund, Evo, is the largest buyer of floating-strike equity warrants, a financing tool for distressed small-cap companies that provides quick cash but causes significant shareholder dilution. In 2025, Evo's transactions, which accounted for over 80% of the market, exceeded ¥1 trillion ($63 billion), driven largely by a massive deal with Metaplanet. The hotel operator used the funds to purchase over $2 billion in Bitcoin, causing its stock to skyrocket before crashing 80%. While some CEOs credit Lerch with saving their companies, others accuse his aggressive tactics of damaging shareholder value and corporate reputations. Based in Nevada, Lerch built his empire through arbitrage and a vast network, but his methods have drawn regulatory scrutiny and legal challenges, including a London court ruling against his firm in a dispute with a former employee. The rise of Evo highlights the dilemma for Japan's many small listed companies that rely on such high-cost financing to survive.

marsbit04/22 02:38

King of Death Spiral Financing: Riding the Bitcoin Wave to the Top of Japan's Capital Market

marsbit04/22 02:38

Crypto Exec Joe McCann Draws Scrutiny After Fiancée’s Death In Zanzibar

Crypto hedge fund founder Joe McCann is under investigation by Zanzibar police following the death of his fiancée, Ashly Robinson, on April 9. Robinson was found unresponsive in her hotel room with a belt around her neck after the couple had a dispute and were moved to separate rooms. While authorities have preliminarily ruled the death a suicide, they are withholding McCann’s passport pending a formal autopsy. Robinson’s family has publicly challenged the suicide ruling, noting she had recently celebrated her 31st birthday and their engagement. McCann’s not commented publicly. The incident occurs amid reported financial struggles at McCann’s fund, Asymmetric, which lost 80% of its value in 2025.

bitcoinist04/18 10:02

Crypto Exec Joe McCann Draws Scrutiny After Fiancée’s Death In Zanzibar

bitcoinist04/18 10:02

Someone Turned Buffett and Munger into Agents, Then Open-Sourced It...

The open-source project "AI Hedge Fund" has gained significant traction on GitHub, creating AI agents modeled after 12 legendary investors, including Warren Buffett and Charlie Munger, to analyze stocks and develop trading strategies. It features a team of 6 analyst agents that synthesize insights and make final decisions. The system includes a backtesting module to evaluate strategies with historical data before real investment. Built by developer Virat Singh, the project supports 13 major AI models and can run locally. It uses a React front-end with a visual workflow editor and a Python/FastAPI backend orchestrated with LangGraph. The agent team covers diverse philosophies, from value investing (Graham) to growth (Cathie Wood) and risk management (Taleb). While not proven in live markets, it offers a platform for learning agent frameworks and diverse investment perspectives through simulated expert debate. The project highlights a growing trend of "distilling" financial wisdom into AI, but users are cautioned about its unverified returns and investment risks.

marsbit04/14 11:16

Someone Turned Buffett and Munger into Agents, Then Open-Sourced It...

marsbit04/14 11:16

Tok-Edge Debuts ‘Redemption Token’ to Power $21M Crypto Fund Launch

Tok-Edge has introduced the "Redemption Token," a new cryptocurrency class designed to facilitate its $21 million crypto fund launch. The token enables investors to redeem fund shares at net asset value while allowing permissionless trading on public blockchains like Ethereum. The fund, targeting institutional investors, will implement an actively managed strategy across DeFi and liquid crypto assets. Tok-Edge, valued at $15 million, is backed by investors including Marcus Meijer and features an executive team with extensive traditional and crypto finance experience. The Redemption Token model merges blockchain advantages with regulated fund structures, aiming to expand institutional participation in digital asset markets.

TheNewsCrypto04/09 20:36

Tok-Edge Debuts ‘Redemption Token’ to Power $21M Crypto Fund Launch