No. of Recommendations: 5
Yeah... wicked smart kid (grad at 19 from Columbia) starts an AI hedge fund, because of some prescient essays predicting explosive growth in memory & datacenters is viewed as an instant expert, gets it to $45B. Over leverages and starts dumping to meet margin calls, gets bailed out by Citadel - public screwed again*, market makers/insiders get the benefit and the kid is crying all the way to the bank.
Had anyone heard of this "Situational Awareness" fund before this snafu?
And yes - not Mechanical at all - something echoing LTCM in 98.
FC
*if sold during the downdraft. SNDK repriced almost right back up to its recent high in one day. Ridiculous.
