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What a Hedge Fund’s Implosion Says About the A.I. Trade

Situational Awareness caught the attention of Wall Street with its highly leveraged trades. It nearly collapsed amid a wave of market volatility.

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By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Sri Muppidi and Ian Mount
source Source: NYT > Business
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What a Hedge Fund’s Implosion Says About the A.I. Trade

Situational Awareness caught the attention of Wall Street with its highly leveraged trades. It nearly collapsed amid a wave of market volatility.

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