Value Aligned Research Advisors AI Fund Drops 33% in October

Value Aligned Research Advisors' AI-focused hedge fund dropped 33% in October due to leveraged bets on the sector facing a downturn. Despite the monthly slump, the fund's total returns remained positive for the year with a 13% gain through October. The losses follow a 44% decline in July, though VARA stated it has maintained excess margin and remains stable amid AI sector volatility.