Hedge fund Citadel reported gains in July, a notable exception in an industry that saw many funds experience losses. This was due to a technology stock selloff, which was fueled by concerns about artificial intelligence. The gains were seen in Citadel's three large portfolios, although specific details are not available.

Many of Citadel's industry rivals were not as fortunate, suffering losses during the same period. For more information on Citadel's performance and the technology stock selloff, readers can refer to the original report from Reuters, as published in the Galveston County Daily News.