Citadel Swoops In to Save Situational Awareness

Leopold Aschenbrenner’s A.I.-focused portfolio was plummeting before Ken Griffin snapped up most of it.

For Griffin, who began trading from his Harvard University dormitory some four decades ago and now oversees $71 billion in assets, it is a playbook that stretches back decades.

July 31 : When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook.Citadel's founder this week reprised his role as one of Wall Street's rescue buyers, stepping in to salvage California hedge fund Situational Awareness as

With Situational Awareness AI deal, Citadel's Griffin rides to the rescue again  Reuters

Investors say the hedge fund deal reassured jittery traders in tech stocks

Smart people in tech and investing are weighing in on the meltdown of Situational Awareness. NYSE Leopold Aschenbrenner's AI-focused fund sold most of its stock portfolio to Citadel. The sale came after Situational Awareness experienced major losses in AI-related positions. Investors are weighing in on what it says ab

Neither artificial nor intelligent. I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it blows up. Don't use a name like "Long-Term Capital Management," or "Amaranth Advisors" (named for the floral symbol

Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI  WSJ