AI hedge fund sells stake to Citadel after losses
Leopold Aschenbrenner, former OpenAI researcher, runs AI hedge fund Situational Awareness LP, which sold most of its public equity portfolio to Citadel after steep losses in AI infrastructure stocks.
The fund generated a return of about 439% by end of June, but assets under management fell from as high as $45 billion after declines in major holdings.
Situational Awareness retained private holdings, including a significant stake in Anthropic, estimated at $5 billion; CNBC reported company representatives denied selling the stake.
Celebrity Net Worth estimates Aschenbrenner's net worth at $5 billion, but no verified estimate exists; he is general partner alongside Carl Shulman.
Aschenbrenner was born in Germany, enrolled at Columbia University at 15, and graduated as valedictorian at 19 with an economics degree.
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