Seligman Cuts AI Exposure, Preserving a Nearly 40 Percent Gain

Paul Wick’s tech-focused hedge fund trimmed AI winners before the summer correction, making the fund one of the year’s top performers.

Stephen Taub September 24, 2026

The third quarter has been rough on many tech-focused hedge funds, especially those with big bets on AI-related plays.Many of these stocks have suffered sharp sell-offs over fears that AI spending will slow down, municipalities will bar construction of massive data centers, or hyperscalers will

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