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An AI hedge fund collapsed from $45 billion after margin calls forced a fire sale to Citadel

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An AI hedge fund collapsed from $45 billion after margin calls forced a fire sale to Citadel
Quartz
Quartz1 hrs ago
An AI hedge fund collapsed from $45 billion after margin calls forced a fire sale to Citadel
The fund, which peaked at $45 billion this month, was forced to sell leveraged bets on AI infrastructure stocks to Ken Griffin's Citadel at a discount
Semafor
Semafor🏁 first to report1 days ago
High-flying hedge fund sells holdings to Citadel after AI losses
Situational Awareness’ decision to dump its stock holdings to Citadel is an AI-age sequel to the Archegos fiasco that rocked Wall Street a few years ago.
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