Market Analysis
The SEC Is Investigating Situational Awareness. The Real Story Is the Leverage, Not the Genius
Situational Awareness, the hedge fund run by former OpenAI researcher Leopold Aschenbrenner, peaked near $45 billion in assets under management in early July 2026, then lost roughly 67% of that...
Jeff Barnes, MBA··10 min read
Market Analysis
How to Evaluate a Hedge Fund's Leverage and Margin Practices Before Investing
A hedge fund's leverage is the single biggest driver of how much money you can lose, and most offering documents make it hard to see.
Jeff Barnes, MBA··11 min read