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by mrandish
21 hours ago
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Per another WSJ article: https://www.wsj.com/finance/leopold-aschenbrenner-situationa... "The fund had gained about 270% after fees this year through May. At that point, it was up more than 1,000% after fees since inception. It had ballooned to well over $20 billion under management, reaching the size of other well-known hedge funds that took decades to build." So, down 67% in July but that was after already being up more than 1000% from the beginning up through May. https://www.marketwatch.com/story/pioneering-ai-hedge-fund-w... > "Research boutique Citrini posted some commentary on the potential developments at Situational Awareness on X Thursday. The post sought to downplay the gravity of the situation and opined that investors are likely to give Aschenbrenner the benefit of the doubt. “To put that into perspective, if you invested $100M with SALP at inception and wiped out ninety percent in July, your investment would be worth $230M,” said Citrini." |
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