A fund founded by Leopold Aschenbrenner after working at OpenAI utilizes Bank of America, Goldman Sachs, and JPMorgan Chase as prime brokers.
6 reports, 3 independent
Updated Aug 25
Gone quiet
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A fund founded by Leopold Aschenbrenner after working at OpenAI utilizes Bank of America, Goldman Sachs, and JPMorgan Chase as prime brokers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.SEC investigates hedge fund dealings involving JPM, BofA, and GS.1 source
The fund built on an OpenAI researcher borrowed funds from Citigroup, Goldman Sachs, and Bank of America.1 source
- JPMorgan Chase and Goldman Sachs are serving as prime brokers for a hedge fund.Sub-event
- Prime brokers like JPMorgan Chase and Bank of America are facing pressure to raise cash amid market volatility, while tech stocks like Adobe face short selling.Sub-event
A fund founded by an ex-OpenAI employee uses multiple major financial institutions as prime brokers.1 source
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The entities involved
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Bank of America
American multinational banking and financial services corporation
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Goldman Sachs
American investment bank
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JPMorgan Chase
American multinational banking and financial services holding company
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