Jul 30, 2026
Situational Awareness hedge fund collapses after losing $35 billion in AI selloff
Leopold Aschenbrenner's hedge fund Situational Awareness rapidly sold most of its public equity holdings to Citadel after assets plunged from $45 billion to $10 billion in one month during the AI stock selloff. The fund was founded by the former OpenAI researcher with no prior hedge fund experience.
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