Citadel Snags AI Fund Amid Collapse | Business and Finance News

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Recorded21 Aug 2026

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Citadel’s Ken Griffin just pulled off a massive financial maneuver, acquiring nearly all of Situational Awareness’s portfolio — run by a young cat named Leopold Aschenbrenner — after their AI bets collapsed. Citadel swiftly neutralized 80% of the risk through over 100 block trades worth $4 billion, executed in record time. The move came as Situational Awareness faced crushing margin calls and losses on both long and short AI plays. Griffin credited his trading teams for pulling it off, while Citadel’s own Wellington fund soared 6% in July — its best since 2022. And here’s the twist: just after Citadel swooped in, the AI market started rebounding — suggesting Situational Awareness’s panic sell-off may have been the bottom. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3e4f0c95040fb0b4

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