Hedge Fund by Ex-OpenAI Researcher Unwinds Trades Amid Heavy AI Stock Losses
firstadopter · x · 2026-07-30
A $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after suffering massive losses on AI stocks and a bad bet against software stocks, leaving it scrambling to raise cash, CNBC reports.
Several of the firm’s prime brokers—including Bank of America, Goldman Sachs, and JPMorgan Chase—are working with the fund to meet margin requirements or reduce positions in an orderly fashion.
Related event: Ex-OpenAI Staffer's AI Hedge Fund Blows Up, Citadel Takes Over $16B(41 posts)→
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