US Markets
Home›US Markets›M&A & Deals›Citadel buys Situational Awareness’s stock portfolio a…
Citadel buys Situational Awareness’s stock portfolio after AI losses
The deal follows big losses tied to AI-related bets at the hedge fund run by Leopold Aschenbrenner, according to the WSJ Markets.
Citadel has bought the stock portfolio of hedge fund Situational Awareness following steep losses tied to AI-related bets, WSJ Markets reports.
The outlet describes Situational Awareness, run by Leopold Aschenbrenner, as entering a crisis mode after its AI-driven positions performed poorly.
WSJ Markets frames the portfolio purchase as part of Citadel’s effort to bolster its situational awareness after the seller’s losses.
← Newer storyDallas Fed trimmed-mean PCE slows to 1.4%, lowest since 2020Older story →Aave to deprecate 50 low-adoption reserves and wind down six chains