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Aschenbrenner funds plan to stop using bank borrowing after July drawdown

The AI-focused hedge fund said it will shift away from financing positions with bank borrowing after a sharp decline in July, according to a report citing investor communications.

Reported · Written up by our desk · Hedge Funds

Leopold Aschenbrenner has told investors that his AI-focused hedge fund, Situational Awareness, will no longer use bank borrowing to fund its investment positions after a sharp drawdown in July, the Financial Times reported, as covered by Hedgeweek.

The fund’s decision comes after the July drop left the strategy suffering significant performance pressure, prompting a change to how positions are financed, according to the report.

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