Citadel unwound 80% of its Situational Awareness bet via $4B in block trades
Ken Griffin's Citadel has unwound more than 80% of the risk from the AI hedge fund portfolio it bought from Leopold Aschenbrenner's Situational Awareness, executing nearly 100 block trades worth over $4 billion in about three weeks. Those positions came from a fund whose holdings lost 67% in July's AI rout before Citadel stepped in. Griffin framed the rapid distribution as the point: evaluate the complex risk, deploy fast, exit with precision.