Citadel Acquires Bulk of Situational Awareness’s Public Stock Portfolio
Citadel acquired the bulk of Situational Awareness’s public stock portfolio on July 30, after the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner faced heavy tech losses and was forced to unwind its leveraged holdings amidst a severe market selloff. Situational Awareness, an artificial intelligence-focused hedge fund launched in 2024, sold the majority … Read more