Situational Awareness Invests $400M

SITUATIONAL AWARENESS' $400M COMEBACK Days after nearing collapse, Leopold Aschenbrenner's Situational Awareness fund made a $400M investment in a private company. The deal follows a $100M investment last month, signaling a rapid recovery after margin calls shook the firm. Aschenbrenner sold most public stocks to Citadel to stabilize finances while preserving key private stakes. Assets fell from $45B to about $10B, but investors have largely stayed.

He says the fund survived, will rebuild stronger, and has learned from the crisis.