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AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Leopold Aschenbrenner’s hedge fund was forced to sell all of its public stock holdings, according to people familiar with the matter. Ken Griffin’s Citadel hedge fund reached a deal to buy the stocks. Situational Awareness, which grew to as big as $45 billion at one point, posted large losses in recent weeks from declines in AI infrastructure investments like SK Hynix, the people said. Aschenbrenner launched the fund after leaving OpenAI in 2024 and quickly became one of the most watched figures in AI investing because of eye-popping returns.
Leopold Aschenbrenner’s hedge fund has been forced to sell all of its public stock holdings, according to people familiar with the matter. The move marks a significant setback for the high-profile AI-focused investment firm. Ken Griffin’s Citadel hedge...
