CITADEL UNWINDS MORE THAN 80% OF RISK FROM SITUATIONAL AWARENESS PORTFOLIO

Summary from the TLDR Fintech newsletter

Ken Griffin said Citadel has shed more than 80% of the risk from the portfolio it acquired from Leopold Aschenbrenner's Situational Awareness, using more than 100 block trades representing over $4 billion in market value. The deal came after the AI-focused hedge fund was forced to liquidate public positions amid steep losses, while Citadel's flagship Wellington fund returned 5.94% in July, its best month since 2022.