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Hedge Funds Were ‘Massive’ Sellers of AI Debt, RBC’s Skiba Says
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Hedge Funds Were ‘Massive’ Sellers of AI Debt, RBC’s Skiba Says Hedge funds have been heavy sellers over the last few weeks of debt related to the artificial intelligence buildout, according to Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management. “We have seen a massive hedge fund capitulation within the space,” Skiba said on Bloomberg Television Thursday.
Hedge Funds Were ‘Massive’ Sellers of AI Debt, RBC’s Skiba Says
Hedge funds have been heavy sellers over the last few weeks of debt related to the artificial intelligence buildout, according to Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management.
“We have seen a massive hedge fund capitulation within the space,” Skiba said on Bloomberg Television Thursday. “We have seen positions being collapsed, lots of selling actually going through the market.”