According to Bloomberg, the sell-off of artificial intelligence concept stocks led to losses for Balyasny and Verition Fund Management in July, with Balyasny falling 1.5% and cumulative returns narrowing to 1.2% in the first seven months of this year, while Verition Fund Management fell 1.1% and cumulative returns dropping to 4.5% so far this year. Wellington, the flagship fund of Castle, rose 5.9% in July, benefiting from its position in Situational Awareness.