A 24-year-old started a hedge fund and made a fortune, but then got a margin call on stocks like Hynix... so the fund's AUM shrank from 45 billion to10 billion. His wife is an Anthropic executive, and he worked at OpenAI for a year before quitting...
It's the Situational Awareness fund. Despite a -75% loss over the past month or two, they say it's still up 60% YTD... When things were going well, he speculated with 4x leverage.
97.**.112.37 (Created at ) | Reply It's not that they went under, but the day will come when they make another risky investment and get played by big funds again. And once again, the shrimp's back will break in a fight between whales. I wish it were a short squeeze, but probably not.