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JPMorgan ends lending to Situational Awareness following losses

JPMorgan Chase has ended its lending relationship with Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, following a sharp deterioration in…

  • JPMorgan terminates lending to Situational Awareness
  • Fund suffers losses in AI and semiconductor sectors
  • Situational Awareness liquidates public equity positions

Citadel taps Elliott veteran to lead combined international equities business

Citadel is consolidating its international equities operations under Nabeel Bhanji as the $77bn-plus hedge fund looks to increase the amount of capital it can deploy across European and Asian markets…

  • Citadel merges international equities divisions under Nabeel Bhanji.
  • Bhanji moves from Elliott Management to Citadel in 2024.
  • New operation aims to expand globally and nurture talent.

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