Latest development3 months ago
Aschenbrenner's Fund Loses 67% on Leveraged AI Bets
Hedge fund Situational faces margin calls and forced asset liquidations following a sharp July drawdown driven by extreme leverage.
Read the full story
Leopold Aschenbrenner's hedge fund is unwinding its positions after suffering a 67% loss in July due to heavily leveraged bets on AI technology stocks. These severe losses triggered margin calls, forcing the fund to sell the bulk of its public equities portfolio to Ken Griffin's Citadel. The liquidation process also reportedly brought the fund close to selling its significant stake in the AI startup Anthropic.
Hedge fund Situational faces margin calls and forced asset liquidations following a sharp July drawdown driven by extreme leverage.
Read the full storyLeopold Aschenbrenner's AI-focused fund offloads its public equities to Ken Griffin's Citadel following steep losses on leveraged tech bets.
Leopold Aschenbrenner's hedge fund faces potential liquidation as a slump in AI stocks triggers financial distress.