# The loss of Situational Awareness > Source: > Published: 2026-07-30 20:46:25+00:00 # The loss of Situational Awareness By Elizabeth LopattoSource: [The Verge AI](https://www.theverge.com)I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it blows up. Don't use a name like "[Long-Term Capital Management,](https://en.wikipedia.org/wiki/Long-Term_Capital_Management)" or "[Amaranth Advisors](https://en.wikipedia.org/wiki/Amaranth_Advisors)" (named for the floral symbol for immortality). Certainly do not call yourself "Situational Awareness," which might as well just be "Hubris, Inc." Anyway, Situational Awareness, the hedge fund started by a 24-year-old former [OpenAI](/glossary/openai) employee that focuses on [artificial intelligence](/glossary/artificial-intelligence) bets, has sold [most](https://www.reuters.com/technology/citadel-buys-most-situationals-stock-holdings-after-ai-share-rout-sources-say-2026-07-30/) or [all](https://www.axios.com/2026/07/30/ai-hedge-fund-situational-awareness-citadel), [depending](https://www.bloomberg.com/news/articles/2026-07-30/situational-awareness-assets-fall-to-10-billion-after-losses) on [who's ](https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html)[reporting](https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b?mod=hp_lead_pos3), of its entire public stock portfolio to [Ken Griffin](https://fortune.com/2026/03/31/ken-griffin-citadel-securities-hedge-fund-miami-wall-street-trump-republican-politics/?utm_source=sfmc&utm_medium=email&utm_campaign=NL_fortune-features_2026-3-31_108268&utm_term=fortune-features&sfmc_id=14949166)'s Ci … Get AI news in your inbox Daily digest of what matters in AI.