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Whale Rock Sank 22% as AI Selloff Crippled Hedge Fund Returns

Bloomberg Markets Tuesday 04 August 2026, 21:26 UTC By Hema Parmar and Nishant Kumar 1 min read
Key Points

Whale Rock Sank 22% as AI Selloff Crippled Hedge Fund Returns Whale Rock Capital Management’s flagship hedge fund is one of the biggest losers in last month’s AI selloff, with a 21.7% drop in July erasing about half of its gains for the year. Investors are now left with a 35.1% gain for the year, a steep plunge from the fund’s 72.5% return through June 30, according to a person familiar with the matter, who requested not to be identified because the results aren’t public.

Whale Rock Sank 22% as AI Selloff Crippled Hedge Fund Returns Whale Rock Capital Management’s flagship hedge fund is one of the biggest losers in last month’s AI selloff, with a 21.7% drop in July erasing about half of its gains for the year. Investors are now left with a 35.1% gain for the year, a steep plunge from the fund’s 72.5% return through June 30, according to a person familiar with the matter, who requested not to be identified because the results aren’t public.
Rock Capital Management’s (ORG)
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