Covers hedge funds and alternative assets; broke the story on Situational Awareness margin calls and portfolio liquidation talks.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
The fund's dramatic unwind — attempting to sell both public and private portfolios (including a $5B Anthropic position) to meet margin calls — signals severe distress despite 80% YTD returns; recent investors face ~70% monthly drawdown.
The hedge fund's $5B Anthropic position was part of a private portfolio it attempted to offload during margin-call crisis, indicating concentrated exposure to the AI lab.