investigating

Police investigating prowler at Quentin Tarantino’s Hollywood home

Once upon a time in Hollywood, Quentin Tarantino’s mansion was nearly burgled.

Police are looking into the report of an alleged prowler who, “clad in black,” was spotted trespassing at the Oscar-winning director’s Hollywood Hills mansion Wednesday afternoon.

According to law enforcement sources, a call was received about a prowler lurking around the 7400 block of Woodrow Wilson Drive around 12:20 p.m. Responding officers were on the hunt for a 35-year-old man with a thin build wearing a long-sleeved black shirt and black pants (in 100-degree heat).

According to sources familiar with the investigation but not authorized to speak publicly, there were people inside the home when the alleged cat burglar tried to enter a second-story window of the three-story home.

Police told The Times that the suspect had fled by the time officers arrived, but a trespass report was completed.

It is unclear whether Tarantino was home at the time of the incident, and police could not confirm whether the trespasser was successful in their burglary attempt.

This isn’t the first time the “Pulp Fiction” filmmaker has had trouble with home intruders.

Back in 2018, Tarantino reportedly awoke in the middle of the night to find two burglars inside his home. According to TMZ, he confronted the men and they booked it out of the same Hollywood Hills mansion. Although no one was injured, they apparently made off with jewelry and other valuables.

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SEC investigating AI-focused hedge fund Situational Awareness

Aug. 25 (UPI) — The Securities and Exchange Commission is investigating Situational Awareness, the Artificial Intelligence-focused hedge fund run by a 24-year-old.

The fund nearly collapsed last month when it dipped from about $45 billion to $10 billion in a late-July tech sell-off.

The SEC sent subpoenas to banks that provided loans for leveraged trading, The New York Times reported. The subpoenas wanted details on the timing of the trades and communications with lenders. They also told the banks to save any information about Situational Awareness.

The SEC investigates any fund that has large losses, and Situational Awareness has not been accused of any wrongdoing.

“It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns or have particularly dramatic drawdowns,” a Situational Awareness spokesperson said in a statement. “We are a highly regulated business and will cooperate to the fullest extent with any regulatory request.”

The fund, at its highest mark, managed more than $30 billion and borrowed billions more. It was a client of firms that included Bank of America, Citi, Goldman Sachs and JPMorgan Chase, according to a regulatory filing.

The fund was founded and is managed by Leopold Ashcenbrenner, a young German Columbia University alum who last worked as a researcher at OpenAI. Aschenbrenner founded the fund at age 22. He named it after an essay that he wrote about the future of AI.

When the fund’s value plummeted in July, Aschenbrenner was forced to sell much of its portfolio to Citadel at a large discount. Citadel founder Ken Griffin told investors in a letter Friday that it has since sold about 80% of the risk from the Situational Awareness portfolio. Two of the positions Situational Awareness sold, SK Hynix and CoreWeave, have since rallied, CNBC reported.

NTT IndyCar Series Drivers Scott Dixon (R) and Graham Rahal (L) pose with first lady Melania Trump during an event in the Rose Garden of the White House on Thursday. The first lady announced that a $2 million donation from IndyCar and Fox Corporation will fund Fostering the Future scholarships at Indiana University and Purdue University to expand academic opportunities for individuals transitioning from foster care. Photo by Bonnie Cash/UPI | License Photo

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