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JPMorgan Cuts Lending Ties to AI Hedge Fund Following Losses

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The Story

News Summary

  • JPMorgan terminated its prime brokerage lending relationship with Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness following severe July losses.
  • The fund offloaded assets to Citadel, shifted borrowing to Clear Street, and has reportedly resumed market activity via call options in tech stocks like AMD.
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JPM price history

356.23 +21.24% over the displayed period

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