SITUATIONAL AWARENESS FELL 67% IN JULY; STILL UP 80% YTD - FT
“These were very expensive scars... But our fund must always be structured such that we can take a loss and fight another day. My core promise to you is that we will not waste the opportunity to learn from these events.”
Leopold Aschenbrenner told LPs that his AI-focused hedge fund will continue operating and investing in public equities, but will stop using bank leverage to amplify its positions.