Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports

Situational Awareness experienced a 67% decline in July during an AI stock rout, with assets slumping to approximately $10 billion. Ken Griffin’s Citadel stepped in to buy the bulk of the hedge fund's leveraged public stock positions. Despite these losses, Situational Awareness retained about $10 billion in assets, which includes its stake in Anthropic. The transaction occurred as the fund managed the fallout from the broader market volatility affecting AI-related investments.