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AI Hedge Fund With 1,000% Returns Since Launch Hits Leverage Troubles, Seeks Fresh Capital
Leopold Aschenbrenner's AI-focused hedge fund, which has posted cumulative returns of around 1,000% since inception, has reportedly run into serious difficulties due to leverage. Aschenbrenner has asked investors for a fresh capital injection and offered them the opportunity to buy some of the fund's assets directly. The setback highlights the risks of heavy leverage even for high-performing funds.
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