A hedge fund in Turkey took circular financing the next level. Collapse, but good preview of (unrelated) AI bubble. : economics@lemmy.ml

A hedge fund in Turkey took circular financing the next level. Collapse, but good preview of (unrelated) AI bubble. (www.youtube.com)

submitted 2 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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[–] humanspiral@lemmy.ca [S] 1 point 2 weeks ago

99% of fund assets were the parent company's stock. With leverage.