Situational Awareness hedge fund AI portfolio liquidation
The developments in this story so far, most recent first.
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· date approximate · Milestone
Citadel acquires bulk of AI hedge fund Situational Awareness's portfolio
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· date approximate · Background
Leopold Aschenbrenner's hedge fund Situational Awareness was launched.
Leopold Aschenbrenner, a former OpenAI researcher, launched the AI-focused hedge fund Situational Awareness in 2024 [2][17]. The fund attracted early investors including Jane Street, Stripe co-founders Patrick and John Collison, and Meta Platforms executives Daniel Gross and Nat Friedman [14].
Since its launch, the fund achieved a 439% return from the start of the year to the end of June 2024 [5]. The fund previously managed about $20 billion in assets and has about 20 employees [13]. It used leverage to boost positions [16]. Its public portfolio included holdings in Broadcom, Intel, and CoreWeave, according to regulatory filings [4].