Citrini: Situational Awareness completes fundraising and unwinds hedges, possibly driving AI stocks to bottom out

Citrini stated that investors in Leopold Aschenbrenner’s Situational Awareness fund recognize his judgment regarding AI development and his long strategy. Since its establishment in 2024, the fund once surged by about 2200%, but has recently experienced a pullback due to declines in related stocks. If investors had invested 100 million US dollars at the fund’s inception, even with a 90% loss in July, with accumulated returns of 2200%, their holdings would still be worth around 230 million US dollars. Citrini expects that once Situational Awareness completes its fundraising, it might lift some short-term hedges and inject new capital into the market, driving AI stocks to form a temporary bottom.