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JD Audena

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life’s better when it’s bold, curious, and a little chaotic | building & becoming always | in service of the future | fellow omnipotentialite and friend to @KyleHudson

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Embattled hedge fund Situational Awareness invests $400M in Source Foundry

The issue's mechanism card. Situational Awareness saw assets fall from about $45B to $10B in a month and still wrote a $400M private check. Private marks do not move when public ones do - which is why a 2021 valuation can survive until somebody is forced to transact.

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