$200 million in fees! The most of any Goldman hedge fund client
FT: “AI hedge fund Situational Awareness became the biggest prime brokerage client at Goldman Sachs this year ..
Goldman has earned more than $200mn in fees this year from lending to Situational Awareness, the most of any client in its prime brokerage business financing hedge funds ..
It is virtually unheard of on Wall Street for a fund such as Situational Awareness, which is barely two years old, to so quickly become such a large client of an investment bank ..
The fees for Goldman have been so large because of the rapid growth of Aschenbrenner’s fund as well as the types of trades he was making.”