SEC AI hedge fund collapse investigation
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
SEC probes AI hedge fund Situational Awareness
The subpoenas focus on banks that supervised the fund's trading and that channeled funding to support it.
Situational Awareness is an AI-focused hedge fund.
The government reportedly warned banks to preserve any information about Situational Awareness.
SEC subpoenas Wall Street banks over AI hedge fund near collapse
The SEC has subpoenaed several major Wall Street banks over their role in the near-collapse of hedge fund Situational Awareness.
Situational Awareness was reported to have leverage of up to 400%.
Situational Awareness's assets fell from about $45 billion to around $10 billion in late July after being hit in a tech sell-off.
AI hedge fund Situational Awareness reported to have sold public portfolio, retains Anthropic shares
Anthropic is expected to go public as soon as October.
Some of the hardest-hit stocks held by the fund included memory chip producers SK Hynix and Sandisk, clean energy developer Bloom Energy, and neocloud provider Nebius Group.
The Wall Street Journal reported on the sale of Situational Awareness's public portfolio.