Urgent.News

600+ sources. One page. See who else covered it.

Editions

Business

KI-Fonds: „Wir haben diesen Monat enttäuscht“: Aschenbrenners Hedgefonds verliert im Juli 67 Prozent an Wert

Gehebelte KI-Investitionen haben zu massiven Notverkäufen beim Hedgefonds Situational Awareness geführt. Und das ausgerechnet in der Hochzeitswoche des Gründers.

Original German Read in English

KI-Fonds: „Wir haben diesen Monat enttäuscht“: Aschenbrenners Hedgefonds verliert im Juli 67 Prozent an Wert

In July, German investor Leopold Aschenbrenner's Situational Awareness hedge fund experienced a 67% drop in value, according to a letter to clients shared by the Wall Street Journal. The fund, established just two years ago, had previously seen significant losses in its AI-related investments, leading to the need for emergency sales.

Citadel, led by Ken Griffin, acquired a substantial portion of the portfolio, valued at nearly ten billion dollars. Aschenbrenner admitted in the letter that the fund had disappointed in the month, which coincided with his planned wedding.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Monday 3 August →