momentum

2 articles filed under this tag.

Quantitative Trading

The Quant Crowd Ran for One Exit: Anatomy of the 2026 Systematic Unwind

In July 2026 the crowded AI-momentum trade reversed and systematic hedge funds suffered their sharpest drawdown in a year. Here is what happened, why the models moved together, and what it means for markets.

Aug 13, 2026 14 min read

Quantitative Trading

When the AI Trade Turned on Itself

Leopold Aschenbrenner's Situational Awareness LP lost roughly two-thirds of its value in July and sold a $16bn book to Citadel. The episode is a case study in AI-era crowding, leverage and the fragility of a consensus trade.

Aug 8, 2026 11 min read