Situational Awareness Hedge Fund Loses 67% in July, Sells Bulk to Citadel
Leopold Aschenbrenner’s AI‑focused fund plunged 67% in July as the AI rally collapsed, prompting a forced sale of most public equities to Ken Griffin’s Citadel to meet margin calls. Even after the dump, the fund still sits up about 80% YTD thanks to earlier gains and retains private stakes like Anthropic.