The University of Virginia’s investment portfolio benefited from an early investment in AI-focused hedge fund Situational Awareness, helping the university’s long-term investments deliver a record 27% return in the year to the end of June, according to a report by Bloomberg citing unnamed people familiar with the matter.
UVA was among the relatively small number of institutional investors to back the fund, which was founded by 24-year-old AI researcher Leopold Aschenbrenner. Most of the investor...
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