Leveraged-Etfs
- When a hedge isn't a hedge: the Situational Awareness collapse
A large AI fund reportedly lost 67% in a month running 4x leverage. Its long and short legs were the same bet — so the leverage landed on gross exposure, not net.
A large AI fund reportedly lost 67% in a month running 4x leverage. Its long and short legs were the same bet — so the leverage landed on gross exposure, not net.