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The SEC has subpoenaed JPMorgan Chase and other major Wall Street lenders in an investigation into the near-collapse and forced liquidation of highly leveraged AI hedge fund Situational Awareness.
The SEC has subpoenaed JPMorgan Chase, Goldman Sachs, Citigroup, and Bank of America regarding their dealings with Situational Awareness, a heavily leveraged AI-focused hedge fund that faced near-col…
Hedge fund Situational Awareness, after nearly collapsing from margin calls on leveraged AI bets, invested $400M in a private company. Its public AI infrastructure holdings (SK Hynix, CoreWeave, Micr…
AI-focused hedge fund Situational Awareness collapsed from $45B to $10B AUM after excessive leverage backfired. Record $1.5T margin debt (+77% YoY) echoes pre-crash patterns from 2000, 2007, and 2021…