FT: Leopold Aschenbrenner's (Ex OpenAI researcher) $20B hedge fund, Situational Awareness, is seeking fresh capital after leveraged AI losses.
The move follows a steep reversal from June 30, when the fund told investors it was up 439% net for 2026.
Its strategy is to invest globally in technology, energy, and other companies affected by AI's growth.
Fresh capital could meet collateral demands, prevent forced selling, or give the fund cash to buy assets after the decline.
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ft .com/content/280336bf-dbed-405f-b38e-5af644a21549