BREAKING CITAD

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The post leverages a dramatic financial event with high stakes and prominent names like Citadel and Ken Griffin, creating a compelling narrative of rapid success and failure that captures attention.

Summary

This photo post details how Citadel acquired a $45 billion hedge fund's portfolio in 24 hours, highlighting the fund's rapid rise and fall due to leverage on AI infrastructure. It concludes by promoting a newsletter to stay informed about similar financial events.

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Ken Griffin’s Citadel acquired the bulk of Situational Awareness’s public equity portfolio in a deal reportedly forged over roughly 24 hours. The fund, run by 25-year-old former OpenAI researcher Leopold Aschenbrenner, was up 439% net through June 30 and had grown as large as $45 billion before roughly 4x leverage on AI infrastructure longs turned July’s drawdown into forced liquidation. Prime brokers Goldman Sachs, JPMorgan, and Bank of America issued margin calls. The fund will continue operating as a private investment firm and retains a roughly $5 billion stake in Anthropic. Follow for daily business and market news #citadel #kengriffen #hedgefunds #hedgefundmanager #businessnews