Quant Funds Pressured as Treasury Announces Buybacks and Moderna Shares Surge
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Quant funds faced significant pressure following the Treasury's announcement to boost buybacks, exacerbating the turmoil in momentum trades that have been unsettled since the recent AI-related stock sell-off.
In a tumultuous session, Moderna shares experienced a notable leap, contributing to the volatility affecting quant funds and broader market dynamics.
Moderna
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“Tumultuous session puts further pressure on momentum trades that have been unsettled since AI-related stock sell-off”
FT — Quant funds rocked as Treasury boosts buybacks and Moderna shares leap