AI-focused hedge fund Situational Awareness explored selling stakes in privately held technology companies before agreeing to transfer most of its public equity portfolio to Citadel, according to a report by Bloomberg.
The firm, founded by former OpenAI researcher Leopold Aschenbrenner, approached venture capital investors including Sequoia Capital and Greenoaks about acquiring some of its private holdings as it sought to raise liquidity amid mounting pressure from margin calls.
Those discussion...
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