Situational Awareness vs. Long-Term Capital Management: A side-by-side comparison

There are more similarities between the two hedge-fund blowups than one might expect.

Bloomberg's Hema Parmar details the massive selloff of AI assets from Situational Awareness, one of the world's biggest hedge funds and how Citadel's Ken Griffin stepped in to buy the investments. Parmar said that this move is part of Griffin's 'playbook' and he will often jump in to get a good deal when firms are in d

Hedge fund has held talks with existing investors and lenders in recent days