Big Technology Podcast · Friday, July 31, 2026
Leopold Dauschenbrenner's hedge fund, Situational Awareness, has reportedly blown up and sold its entire stock portfolio to Citadel. Dauschenbrenner, a former OpenAI and FTX employee, saw his fund grow from millions to $20 billion in assets under management before its collapse.
“We're going to talk all about the implosion, but it's still kicking, of Leopold Dauschenbrenner's situation awareness hedge fund blows up and sells off its stock portfolio.”
“It was sort of the highest performing hedge fund in the world, I think.”
“And it went from millions of dollars in funds to 20 billion dollars in assets under management.”
“And then it effectively blew up this week and had to sell off its stock portfolio, or all of its stock portfolio to Citadel, run by Ken Griffin.”