AI Hedge Fund Sought Capital After Share Rout, Signaling Forced Deleveraging

Situational Awareness, an AI hedge fund run by Leopold Aschenbrenner, sought capital from investors after an AI share rout, per the FT. The fund sold its $16 billion public equity book to Citadel, cutting assets to roughly $10 billion from a $20 billion-plus peak. Bloomberg confirmed forced liquidation. The fund kept its Anthropic stake.