Citadel Buys Public Portfolio From Situational Awareness After July Rout

Citadel Buys Public Portfolio From Situational Awareness After July Rout

Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, sold most of its public stock portfolio to Ken Griffin’s Citadel following steep July market losses and heavy leverage pressure. Industry leaders and analysts weighed in on the fallout. An artificial-intelligence-focused hedge fund launched by a former OpenAI researcher has unloaded a major portion of its public-equity holdings … Read more