SEC Investigates Near-Collapse of AI Hedge Fund, Subpoenas Wall Street Banks
The SEC is probing the near-collapse of the AI hedge fund Situational Awareness, founded by Leopold Aschenbrenner. Subpoenas have been issued to major Wall Street banks to gather information on the fund's trading activities, which faced significant pressure leading to forced exits from several positions last month.
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SEC subpoenas Wall Street banks over Situational Awareness
Leopold Aschenbrenner’s AI-focused hedge fund nearly collapsed in July before striking a deal with Citadel
SEC subpoenas Wall Street banks over Situational Awareness
The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last month.
S.E.C. Investigating Near-Implosion of A.I. Hedge Fund
Regulators sent subpoenas to major Wall Street banks seeking information about the trading of Situational Awareness, three people briefed on the outreach said. Situational Awareness was founded two years ago by Leopold Aschenbrenner, formerly of OpenAI.