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Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says

business

Hedge fund Situational Awareness, run by Leopold Aschenbrenner, has experienced a meltdown, according to CNBC. Bank of America was among the fund's prime brokers, and BofA's CEO is warning that the collapse serves as a warning shot about risks in leveraged markets.

Source: https://www.cnbc.com/2026/08/05/bofa-brian-moynihan-situa...

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