Aschenbrenner's AI thesis could be correct, his timing and leverage were not

Leopold Aschenbrenner's AI hedge fund Situational Awareness sold nearly its entire public portfolio to Ken Griffin's Citadel after heavy losses on leveraged AI stock positions, following a reported 439% six-month return and fresh capital raise. The forced sale highlights the risks of leverage in AI-focused investing.

Leopold Aschenbrenner's AI hedge fund Situational Awareness had to unload nearly its entire publicly traded portfolio to Ken Griffin's Citadel after racking up heavy losses on leveraged AI stock positions. Just days earlier, Aschenbrenner had reported a six-month return of 439 percent and pulled in fresh capital. Then margin calls forced the fire sale. The article Aschenbrenner's AI thesis could be correct, his timing and leverage were not https://the-decoder.com/aschenbrenners-ai-thesis-could-be-correct-his-timing-and-leverage-were-not/ appeared first on The Decoder https://the-decoder.com .