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SEC seeks info from banks backing an AI-focused hedge fund
The SEC is asking about financing used to support an AI-centric strategy, after regulators raised concerns tied to the fund’s near-collapse.
The Wall Street Journal Markets reports that the SEC has sought information from banks that provided financing to a hedge fund focused on AI-centric bets.
The regulator’s request centers on funding arrangements that were used to supercharge the fund’s positioning.
The inquiry is linked to concerns that surfaced around the hedge fund’s near-collapse, according to the report.
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