ETFs & Funds
Home›ETFs & Funds›Hedge Funds›Aschenbrenner funds plan to stop using bank borrowing…
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.
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.
← Newer storyBank of Japan holds rates steady as yen nears 160 amid interventionOlder story →Yen jump, oil and data spark a mild rise in Treasury selling pressure