# Patrick Collison

Type: Person

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/patrick-collison
Canonical HTML page: https://getfinancebrief.com/entity/patrick-collison

## Timeline

- **2026-07**: Key AI holdings plummet — Several of Situational Awareness's concentrated AI positions suffer sharp declines, triggering heavy losses and redemption requests from investors.
- **2026-07**: Fire sale to Citadel — To meet redemptions and prevent total collapse, the fund sells the majority of its public stock portfolio to Ken Griffin's Citadel.

## Recent coverage (1 stories)

### $45B AI Hedge Fund Collapses: 24-Year-Old Manager's Risky Bets Unravel
2026-08-06 01:04:47 · Sentiment: Bearish · Impact: 6/10 · Sources: 2

A volatile mix of heavy leverage, concentrated AI positions, and poor investor communication led to the implosion of Situational Awareness, a $45B hedge fund run by a novice 24-year-old manager, forcing a fire sale to Citadel. The fallout underscores crucial lessons in risk management for the hedge fund industry.
Full story: https://getfinancebrief.com/story/situational-awareness-45b-ai-hedge-fund-collapse

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