Citadel's flagship fund surges 6% in July after scooping up distressed AI portfolio at a discount

Citadel's flagship fund surges 6% in July after scooping up distressed AI portfolio at a discount

Citadel bought Situational Awareness' $16B portfolio at 10% discount after the $45B fund collapsed 67% on leveraged AI infrastructure. The move stabilized AI stocks and gave Wellington a 6% July return—demonstrating how crisis liquidity reshapes sector dynamics.