Business

Fund Manager Shifts Focus After AI Trade Gains

Updated 2026-10-08 11:10 UTC 1 source Neutral

Bill Hench, a fund manager at First Eagle, has stepped away from the artificial-intelligence trade and is now focusing on small-cap investments in U.S. housing construction.

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MarketWatch

After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now.

Bill Hench, of First Eagle, stepped away from the artificial-intelligence trade with small-capitalization bets on a recovery of the U.S. housing construction market.

2026-10-08 10:55 UTC