Stock selection hedge funds such as Tiger Global Management and Whale Rock Capital Management were hit hard last month due to market turmoil caused by concerns surrounding investment in artificial intelligence. According to people familiar with the matter, Tiger Global's hedge fund plummeted 8.5% in October, which basically equalized the increase during the year. Whale Rock's flagship fund, which invests in stocks and private companies, fell by about 8%, shrinking to around 34% in 2026. According to a person familiar with the matter, the stock portfolio of D1 Capital Partners under Dan Sundheim fell 4.4% last month, and the increase narrowed to 18.8% during the year. Tiger Global's smaller cross-fund fell 3.3% last month, and the increase shrunk to 15.3% during the year.

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