https://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fundContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fundhttps://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fund#u31452Tue, 04 Aug 2026 10:25:35 +0000Leopold Aschenbrenner's hedge fund, Situational Awareness, which managed $45 billion, collapsed after losing 67 percent of its portfolio in July due to excessive leverage, not a flawed AI thesis. Citadel acquired the fund's stock portfolio during a period of market doubt regarding AI infrastructure stocks. Aschenbrenner's reputation as an AI expert was bruised but market pros believe he can stage a comeback.Why it mattersThe collapse of Situational Awareness highlights the risks of excessive leverage in hedge funds, even those with successful strategies. The AI market has been v https://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fundhttps://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fund#u29715Sun, 02 Aug 2026 18:25:32 +0000Citadel has purchased the stock portfolio of Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The fund, which managed $45 billion, collapsed after losing 67 percent of its portfolio in July following margin calls. Despite Aschenbrenner's reputation as an AI expert, the fund's failure was driven by excessive leverage rather than a flawed AI thesis. The acquisition by Citadel occurred during a period of broader market doubt regarding AI infrastructure stocks, helping to stem a $3 trillion AI rout.Why it mattersLeopold Aschenbrenner was view https://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fundhttps://www.live-feeds.com/feed/how-leopold-aschenbrenner-built-a-45-billion-ai-hedge-fund#u29714Sun, 02 Aug 2026 18:25:32 +0000Citadel has purchased the stock portfolio of Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The fund, which managed $45 billion, collapsed after losing 67 percent of its value in July. The failure was driven by excessive leverage and margin calls rather than a flaw in the fund's AI thesis. Aschenbrenner issued a public apology to investors, stating, "We let you down," following the near-collapse and subsequent fire sale of assets to the rival firm.Why it mattersAschenbrenner was regarded as a prodigy in the AI trade bef