A 67% Drawdown in One Month: Fund Under “AI Stock God” Records Over $5 Billion in Paper Losses
According to Odaily, on-chain analyst Ai Yi posted on the X platform saying, "Those who drown are often the ones who know how to swim." Ai Yi stated that Leopold Aschenbrenner expanded his fund by 73 times in 2 years and was labeled a "genius stock god"; however, within one month, his holdings experienced a 67% drawdown, with paper losses exceeding $5 billion, forcing him to liquidate a large portion of his positions to repay loans. Ai Yi also noted that just one day after cutting his losses, the market rebounded, and stocks heavily held by the fund saw a significant rise.
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