From Yahoo Finance · · 1m
Aschenbrenner Returns With AI Options Bets
24-year-old hedge fund manager returns after $45B fund collapse with AI stock options.
In brief
24-year-old hedge fund manager returns after $45B fund collapse with AI stock options. Leopold Aschenbrenner, who blew up $45 billion hedge fund, is back with AI stock options bets after losing $35 billion. Originally reported by Yahoo Finance.
Aschenbrenner's Fund Collapse
Leopold Aschenbrenner lost an estimated $35 billion in days before being forced to unwind all positions in July.
“35 billion”
Fund Reaches $45 Billion
Aschenbrenner built Situational Awareness into an AI-focused hedge fund that reached $45 billion by age 24.
“$45 billion”
Citadel Buys Portfolio
Citadel stepped in to buy Situational Awareness's stock portfolio after the losses.
“Citadel”
Cramer's Reaction
Jim Cramer posted five words on X: 'HE's back, he's bigger than ever'.
“HE's back, he's bigger than ever”
Options Market Return
Situational Awareness is active in the options market again after the collapse.
“options market”
AI Options Focus
AI options bets orbit NVIDIA with $5.28 trillion market cap and 105% revenue growth.
“$5.28 trillion”
The bottom line
Leopold Aschenbrenner, who blew up $45 billion hedge fund, is back with AI stock options bets after losing $35 billion.
