Aug 24 (Reuters) – The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a source familiar with the matter told Reuters on Monday. The regulator is also looking into the fund’s communications with lenders around its use of leverage for trades, […]
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US SEC investigating Situational Awareness trades that led to July meltdown, source says
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Aug 24 (Reuters) – The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a source familiar with the matter told Reuters on Monday.
The regulator is also looking into the fund’s communications with lenders around its use of leverage for trades, the source said.
(Reporting by Anirban Sen in New York and Utkarsh Shetti in Bengaluru; Editing by Joyjeet Das)