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Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 11 Views

Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports

Situational Awareness retained about $10 billion in assets, including its Anthropic stake, after reportedly selling leveraged public stock positions to Ken Griffin’s Citadel.

Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner.

The Financial Times first reported Thursday that Citadel bought the portfolio holdings after heavy losses during July’s artificial intelligence stock market rout.&

The transaction followed Aschenbrenner’s fund falling about 67% in July, according to The Wall Street Journal, citing a person who saw a letter sent to investors. The letter said the fund remained up about 80% for the year. The Financial Times previously reported the fund was up 439% through June.

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