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

Economy MarketWatch By Philip van Doorn 08 Oct 2026 13:34 1 min read
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.

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