Posted Jul 30, 2026 at 3:18 PM UTCEExternal Link“…And we call ourselves Situational Awareness.”The hedge fund Situational Awareness, founded by former OpenAI employee Leopold Aschenbrenner, who had no previous hedge fund experience, “rapidly sold a large portion of its public equity holdings” as losses mounted. The fund employed only eight people, of whom four were investment professionals. Aschenbrenner named the fund after some essays he wrote.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Elizabeth Lopatto