The hedge fund, Situational Awareness, had a partial liquidation last week via Citadel. The fund was overleveraged and on the wrong side of memory chip (long) and SAAS software stock (short) trades. It was the perfect storm this last week.
Leopold Aschenbrenner is the wunderkind hedge fund manager. Here is more info about him in Fortune, Daily Mail, and CNBC.
Initially, Leopold made all the right decisions, turning $150M into $25B for his investors. Until last week, when all his purchases and shorts went against him. Fortunately for his investors, the fund was not wiped out, at least not yet.
The looming question is if this is a one off event or the first of many cockroach events to come.
We shall see.
This is not financial nor investment advice. Please consult a professional advisor.
Copyright © 2026 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment