Goldman Sachs said to have earned over $200M in fees this year from Situational Awareness (GS:NYSE)
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Goldman earned fees of over $200m from Situational Awareness
Goldman Sachs has generated more than $200m in fees this year from Situational Awareness, making the two-year-old AI-focused hedge fund the investment bank’s largest prime brokerage client among hedge funds, according to a report by the Financial Times citing unnamed people familiar with the matter.The scale of the relationship highlights how quickly Situational Awareness has grown since being founded in 2024 by Leopold Aschenbrenner, a former O…
According to ChainCatcher, Goldman Sachs' AI hedge fund, Situational Awareness, has generated over $200 million in fees this year. The fund, once a major client of Goldman Sachs' trading division, has grown its assets from hundreds of millions of dollars to over $20 billion. Despite losses due to volatility in AI-related stocks, Situational Awareness has maintained its partnership with Goldman Sachs and established a trading relationship with te…
A report attributes more than $200 million in commission revenue to Situational Awareness, an AI-focused hedge fund that increased its assets and became a major customer of Goldman Sachs' trading division.
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