Zhishan Fund: -9% NAV, trails Shanghai Index.

Ritu13

Recently, the "AI fund manager" has once again come into the public eye due to performance adjustments. Data from third-party platforms shows that as of September 21, 2023, the unit net asset value of the Zhishan Private Equity Fund (referred to as the "Zhishan Fund") has fallen to 0.533 yuan. Since its transition to AI stock trading in July, the net asset value has dropped by over 9%, which is much higher than the decline in the Shanghai Composite Index during the same period. A channel insider also admitted, "The combination of subjective bullish strategies with AI is still in the exploratory stage, and the periodic pullback or rise of related funds does not prove the effectiveness of AI stock trading. Performance over a longer time frame is needed to validate it."

Ritu77

Haha, AI is not omnipotent, don't be too superstitious about it.

Kahn332

This decline is really significant.