Bronte Capital’s flagship fund went backwards for the second consecutive year as its high-profile investment chief, John Hempton, missed the enormous rally in computing memory stocks amid concerns the artificial intelligence trade is heading towards an inevitable bust.
The Sydney-based firm’s Amalthea fund ended the 2026 financial year down 9.2 per cent, well behind the MSCI All Country World Index’s gain of 17.6 per cent.
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