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Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up
Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up
Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation.
Faber reports that the liquidation was done “through one enormous trade."
Roughly two-thirds of the assets under management at Situational Awareness were public equities, both that he owned on the long side and that he was shorting, Faber says.
That could help explain the panic bid in Nasdaq this morning, as investors may believe the overhang...
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New catalyst approach could improve fuel cells and batteries (Representational image)Shutterstock
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