Even in a meltdown, Leopold Aschenbrenner was able to retain his best asset.
The 25-year-old founder of artificial-intelligence-focused investor Situational Awareness was forced to sell a majority of his public equity holdings to Ken Griffin’s $71 billion hedge fund Citadel on Wednesday, several people familiar with the situation confirmed to Business Insider. Outlets, including the Financial Times, Wall Street Journal, and CNBC, had previously reported on the once-$20 billion fund’s rapid unwind.
The people confirmed that Situational Awareness did not sell its private portfolio of AI companies, which includes a significant stake in Anthropic, which is expected to go public in the next few months…