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After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now.

After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now.
MarketWatch Thursday 08 October 2026, 10:55 UTC By Philip van Doorn 1 min read
Key Points

Bill Hench, of First Eagle, stepped away from the artificial-intelligence trade with small-capitalization bets on a recovery of the U.S. housing construction market.

Bill Hench, of First Eagle, stepped away from the artificial-intelligence trade with small-capitalization bets on a recovery of the U.S. housing construction market.
Bill Hench (PERSON) First Eagle (ORG) U.S. (LOCATION)
Originally published by MarketWatch Read original →

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