Leopold Aschenbrenner's Fund Gained 439% Then Crashed 67% in July

FinanceYF5 · x · 2026-07-31

Leopold Aschenbrenner, former OpenAI board member, saw his fund experience extreme volatility. The fund skyrocketed 439% in the first half of the year, only to crash 67% in July, forcing him to sell most of his equity portfolio to Citadel.

The 24-year-old, who was Columbia University's valedictorian at 19, has compressed massive AI narrative and leverage risk into a highly volatile investment track record.

Related event: Ex-OpenAI Staffer's AI Hedge Fund Blows Up, Citadel Takes Over $16B(41 posts)→

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