Aug 5, 2026 – 4.00pmWhen Jack Hu topped up his hedge fund’s stake in Firmus Technologies in June, he wasn’t expecting to sell that same parcel of shares just a month later.But when a broker called him this week asking whether Hu’s Phoenix Growth Fund wanted to sell the small but valuable stake in the artificial intelligence darling, the offer was simply too good to refuse.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles