Situational Awareness LP, an AI-focused hedge fund, surpassed $20 billion in assets under management.
Former OpenAI researcher Leopold Aschenbrenner, 24, founded the firm less than two years ago.
The fund generated returns exceeding 1,000% since its inception.
Performance for 2026 reached approximately 270% through May.
Quantitative trading firm Jane Street provided a rare investment in the fund.
A successful investment in AI developer Anthropic accounts for roughly 20% of total assets.
Aschenbrenner launched the firm after his dismissal from OpenAI’s safety team and the publication of a viral AI essay.