Citadel has sold more than 80 per cent of the positions it acquired from Situational Awareness, following the AI-focused hedge fund’s near-collapse during last month’s technology sell-off, according to a report by the FT.
Ken Griffin’s hedge fund told investors on Friday that it had substantially reduced the “aggregate risk” inherited from Situational Awareness. The firm has executed almost 100 block trades in recent weeks, with a combined value of more than $4bn.
Citadel said the transactions i...
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