Citadel scoops $16B of AI hedge fund Situational Awareness as plunge deepens
The $16 billion public equities portfolio of AI‑focused fund Situational Awareness, run by ex‑OpenAI researcher Leopold Aschenbrenner, was sold to Ken Griffin’s Citadel after heavy tech losses forced a forced unwind. The deal, brokered by Goldman Sachs and JPMorgan, leaves the fund with a reduced $10 billion book and signals Citadel’s willingness to snap up distressed AI assets.