Leopold Aschenbrenner, the AI researcher whose hedge fund effectively went bankrupt in the summer, is making a comeback in financial markets through options.
His company, Situational Awareness, has purchased option positions in stocks including: advanced micro device, bloom energy and coreweavea source told CNBC’s David Faber.
Sources said the moves took place late last week and early this week. Other stocks he has worked with include: SK Hynix and sandisk. Additionally, Situational Awareness purchased options on the Roundhill Memory ETF (DRAM).
His re-entry into the public markets comes after the hedge fund’s assets declined to about $10 billion after peaking at more than $45 billion in early July. That same month, Aschenbrenner’s leveraged AI stocks fell sharply, forcing him to exit public equity positions in a fire sale into Ken Griffin’s Citadel to prevent a collapse. Hedge funds held shares in privately held companies such as Anthropic.
It is unclear whether Aschenbrenner was taking in new funds to fund new activities or using assets remaining in the fund after the July rout and sale of Citadel.
