This guy, Ken Griffin, just made $1.5 billion dollars in a few days by buying Situational Awareness on the cheap.

This guy, Ken Griffin, just made $1.5 billion dollars in a few days by buying Situational Awareness on the cheap. How did he do it? Well, the Citadel founder allegedly used media, fed signals, and perfect timing and walk away with a $16 billion dollar AI book at a very heavy discount. Leo Aschenbrenner's Situational Awareness fund went parabolic. Insane numbers from launch in 2024, with just $225 million to over $45 billion dollars at its peak. It was an incredible run, but it was pretty concentrated. And with 4x leverage bets on AI infrastructure, it was a risky trade to make. But it worked. Up 439% through the end of June. Leo, our favorite wonderkind, printing millions and millions and millions in carried interest. The setup was perfect though. For months, Ken Griffin had been all over CNBC, Bloomberg, and interviews hammering sticky inflation, strong jobs, why the Fed might need to raise rates instead of cut, then. Perfect timing, right as Leo's book was at its most vulnerable. Griffin publicly called for the Fed to shock the market today on purpose, with a surprise rate hike rather than a telegraphed September move. The Fed is a prisoner of the market expectations, he said. Media then runs with the hawkish narrative, yields, they spike, rate sensitive AI power and growth stocks get pummeled. Leo's concentrated long positions drop, wait for it, 30 to 50% in days. The fund is down 67% in July. Margin calls, they hit instantly. The FT breaks the story. Total panic. No time to raise capital. Citadel, Ken Griffin. Millennium, another big firm. Jane Street, another monster firm. They all bid overnight. But Voldemort, I mean, Ken Griffin wins. They buy the bulk of the entire $16 billion dollar public equity book in one clean block trade at a massive discount near the absolute bottom. Prime brokers facilitate to avoid a really messy liquidation. Days later, many of those exact names rip 15 to 30%. Ken Griffin up $1.5 billion dollars, roughly expected to be slightly more. That is insane. Now Leo keeps the crown jewel, but hand it to the one and only Ken Griffin. That is one of the most sensational trades we've seen in modern finance.