Citadel Gains 5.9% in July After Profiting From Situational Awareness Deal
Citadel’s Wellington fund gained 5.9% in July after purchasing discounted AI stocks from Situational Awareness during the market selloff.
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Citadel’s Wellington fund gained 5.9% in July after purchasing discounted AI stocks from Situational Awareness during the market selloff.
Leopold Aschenbrenner said his AI-focused hedge fund will stop using bank leverage after losing 67% in July while remaining up 80% for the year.
Leopold Aschenbrenner’s Situational Awareness hedge fund reportedly lost around 90% of its value in just four weeks after heavily leveraged bets on AI infrastructure unraveled during a sharp sector-wide selloff.
Leopold Aschenbrenner’s hedge fund grew from $225 million to $13.7 billion by betting on AI infrastructure, energy, and compute bottlenecks rather than chatbot applications.