Prime brokers stand by AI hedge fund after steep selloff
TL;DR
Despite a 67% one-month plunge that shrank Situational Awareness to about $10B in assets, Leopold Aschenbrenner’s AI-focused hedge fund still enjoys support from major prime brokers, including JPMorgan, Goldman Sachs, Bank of America and Citigroup, aided by a $5B private stake in Anthropic and lock-ups; Morgan Stanley plans to onboard, signaling ongoing backing amid reputational risk.
Topics:top-newsbusiness#anthropic#artificial-intelligence#business#hedge-funds#prime-brokers#situational-awareness
- Situational Awareness’ prime brokers poised to keep backing Leopold Aschenbrenner in wake of selloff: sources New York Post
- Situational Awareness Returns to Investing With $400 Million Bet Bloomberg.com
- Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says CNBC
- Investors in Situational Awareness deserved to lose their shirts The Economist
- Citadel’s Purchase of Situational’s Stocks at Discount Is Already Paying Off WSJ
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