Citadel acquired $16 billion of Situational Awareness's AI portfolio at a discount, triggering a relief rally in AI stocks after the leveraged

Leopold Aschenbrenner's hedge fund is unwinding trades and may be forced to liquidate assets, according to people familiar with the matter.

Aschenbrenner’s AI hedge fund Situational Awareness sold its public stocks to Citadel after leveraged AI bets collapsed. It keeps its Anthropic stake.