The AI hedge fund went from "the talk of Wall Street" to "subject of federal subpoenas" faster than you can say "diversify your portfolio."

Situational Awareness LP lost roughly $35 billion in a semiconductor selloff, forcing a $16 billion fire sale to Citadel as the SEC investigates

The AI hedge fund went from "the talk of Wall Street" to "subject of federal subpoenas" faster than you can say "diversify your portfolio."