After a painful setback, they returned to investinghedge fund Situational Awareness is making a $400 million bet.

According to informed sources, just days after the hedge fund Situational Awareness, led by Leopold Aschenbrenner, teetered on the brink of collapse, he has returned to the investment market with a $400 million bet on a private company. This investment was completed on Tuesday, providing an initial glimpse into how Aschenbrenner plans to regroup. Last week, his hedge fund edged close to collapse as Wall Street lenders issued margin call notices. According to one insider, prior to this investment, Situational Awareness invested $100 million in the same company last month. It is currently unclear which company within Situational Awareness's existing private equity portfolio will receive this additional funding. A representative for Situational Awareness declined to comment.