TLDR Tech / Fintech
Citadel unwinds more than 80% of risk from Situational Awareness portfolio
Ken Griffin announced that Citadel has divested over 80% of the risk associated with the portfolio acquired from Leopold Aschenbrenner's Situational Awareness. This was achieved through more than 100 block trades, representing over $4 billion in market value. The deal followed the AI-focused hedge fund's forced liquidation of public positions due to significant losses. In contrast, Citadel's flagship Wellington fund reported a 5.94% return in July, marking its best monthly performance since 2022.
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