The assets of the "AI-Nostradamus" fund fell to $10 billion following the sale of part of its portfolio
At its peak, Situational Awareness's assets could have reached $45 billion / Photo: X / Dwarkesh Patel
The assets of Leopold Aschenbrenner’s Situational Awareness hedge fund have shrunk to approximately $10 billion after billionaire Ken Griffin’s Citadel bought out most of his positions in publicly traded companies, according to Bloomberg. The fund’s assets have more than halved, a source told the agency. According to Bloomberg’s sources, in recent weeks, Aschenbrenner’s fund began closing out its equity positions following losses incurred during the sell-off of AI-related stocks.
As of late May, Situational Awareness’s assets exceeded $20 billion, The Wall Street Journal reported at the time. According to a CNBC source, the fund’s assets had grown to $45 billion by early July before plummeting.
According to one of Bloomberg's sources, the proceeds from this week's asset sales allowed Situational Awareness to repay the banks that had provided the fund with debt financing to increase its positions.
Situational Awareness still holds stakes in private companies, including Anthropic. The value of this investment is estimated at approximately $5 billion, according to a Bloomberg source.
This article was AI-translated and verified by a human editor
