Ken Griffin’s Citadel has rapidly unwound more than 80% of the aggregate risk from the original portfolio of Situational Awareness, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner.
📌 Key Numbers & Execution Details:
- 80%+ Risk Reduced: Citadel quickly neutralized the vast majority of the inherited risk exposure.
- $4 Billion+ Market Value: Processed across nearly 100 executed block trades.
- Top Intraday Volume: Executed the year’s largest single-day block trades across 10 distinct equity names.
- $77 Billion AUM: Citadel leveraged its massive balance sheet and institutional relationships to absorb and distribute the distressed assets.
💡 Market Context: Situational Awareness was forced to unwind the bulk of its public equity bets following severe losses in tech holdings. Citadel’s rapid risk distribution highlights its willingness to capitalize on market dislocations—driving its flagship Citadel Wellington fund up 5.94% in July (+12% YTD).