SEC AI hedge fund collapse investigation
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SEC subpoenas Wall Street banks over AI hedge fund near collapse
Situational Awareness was reported to have leverage of up to 400%.
Goldman Sachs, JP Morgan and Citigroup declined to comment on the matter.
The banks subpoenaed include Goldman Sachs, JP Morgan, Citigroup and Bank of America.
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.
Situational Awareness has not been accused of any wrongdoing.
AI hedge fund Situational Awareness reported to have sold public portfolio, retains Anthropic shares
Situational Awareness sold the majority of its public stock portfolio to Citadel.
Early backers of the fund include quant-trading firm Jane Street, Stripe co-founders Patrick and John Collison, and Meta executives Daniel Gross and Nat Friedman.
Anthropic was last valued at $965 billion in a Series H round in May.