Tech Brew Ride Home · Thursday, July 30, 2026
Leopold Ashenbrenner's $24 billion hedge fund, Situational Awareness, is reportedly facing margin calls and is in the process of unwinding positions due to heavy losses in AI stocks and a misstep on software stock bets. Prime brokers are assisting the fund in raising cash to meet margin requirements.
“Ex-OpenAI researcher Leopold Ashënbrenner's situational awareness hedge fund is this morning facing margin calls after heavy losses during the recent AI stock route, according to CNBC.”
“The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Ashënbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash according to people familiar with the matter.”
“Situational Awareness has sustained significant losses in recent weeks as its portfolio of AI infrastructure investments such as SK Hynix declined while short positions and software companies such as Adobe moved sharply against it, the people said.”