Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has sold its entire public equities portfolio to Citadel, led by Ken Griffin, according to a source. This sale occurs amid a recent decline in AI stocks, particularly among chip manufacturers. Situational Awareness, which reported approximately $20 billion in assets under management, was established after Aschenbrenner's departure from OpenAI in 2024, following an alleged information leak that he contests. Early investors in the fund included Stripe co-founders Patrick and John Collison, former GitHub CEO Nat Friedman, and ex-Apple employee Daniel Gross. Additionally, reports indicate that Situational Awareness has been seeking to raise new capital after experiencing significant losses during the downturn in AI stocks.
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AI-focused hedge fund sells entire stock portfolio to Citadel
Situational Awareness, an AI-focused hedge fund, has sold its entire stock portfolio to Citadel amid a downturn in AI stocks. Founded by former OpenAI researcher Leopold Aschenbrenner, the fund reported around $20 billion in assets under management and has sought to raise new capital following recent losses.
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AI-focused hedge fund sells all of its stocks
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AI-focused hedge fund sells entire stock portfolio to Citadel