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JPMorgan cuts off lending to Aschenbrenner’s AI fund after historic losses - FT

Investing.com -- JPMorgan Chase & Co (NYSE:JPM) has terminated its prime brokerage lending relationship with Leopold Aschenbrenner’s hedge fund, Situational Awareness, following record-setting losses linked to a broader downturn in artificial intelligence stocks, according to reporting by the Financial Times. The decision by Wall Street's largest bank cuts off a vital source of leverage for the mid-twenties investor, whose fund suffered the largest dollar loss in hedge fund industry history duri

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Stocks· September 11, 2026 at 10:01 PM
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Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
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Investing.com -- JPMorgan Chase & Co (NYSE:JPM) has terminated its prime brokerage lending relationship with Leopold Aschenbrenner’s hedge fund, Situational Awareness, following record-setting losses linked to a broader downturn in artificial intelligence stocks, according to reporting by the Financial Times. The decision by Wall Street's largest bank cuts off a vital source of leverage for the mid-twenties investor, whose fund suffered the largest dollar loss in hedge fund industry history duri

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