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Why Situational Awareness hedge fund imploded, even in a tame stock market - CNBC

Why Situational Awareness hedge fund imploded, even in a tame stock market - CNBC

Leopold Aschenbrenner's $45 billion hedge fund was forced to slash public stock positions after a historic momentum reversal triggered margin calls.

The stock market looked unusually tranquil. Beneath the surface, one of Wall Street's fastest-growing funds devoted to artificial intelligence investments was unraveling. In a matter of weeks, Leopo… [+4661 chars]

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