Viking Global fund falls 1.2% in October after avoiding AI bets
The hedge fund's flagship vehicle dropped 1.2% last month, lagging peers riding the artificial intelligence rally but outperforming many rivals.
The hedge fund's flagship vehicle dropped 1.2% last month, lagging peers riding the artificial intelligence rally but outperforming many rivals. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
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Viking Global Investors’ flagship hedge fund fell 1.2% in October, according to a report by Mint. The decline followed the firm’s strategy of largely avoiding major artificial intelligence investments, a move that saw it miss the tech-driven rally yet fare better than many competitors.
Viking's October performance
Viking Global Investors’ flagship hedge fund dropped 1.2% last month, according to a report by Mint. The firm’s strategy of eschewing many big artificial intelligence bets contributed to the underperformance relative to the broader market rally driven by tech stocks.
Despite the monthly loss, Viking fared better than many of its rivals. The report noted that while the fund missed out on the gains seen by peers heavily invested in the AI sector, it avoided some of the steeper declines experienced by other hedge funds.
Currency markets shift
The Canadian dollar underperformed most G10 currencies in the latest session as oil prices fell, according to Reuters and Mint. The currency steadied against its US counterpart on Monday, reflecting broader commodity market pressures.
Meanwhile, the US dollar weakened against major currencies including the euro and yen, as talks regarding Iran lifted risk appetite among investors. This shift in sentiment contributed to a broader move in foreign exchange markets.