Citadel

Griffin says Citadel unwound 80% of risk from AI fund fire sale

Ken Griffin told Citadel clients on Friday that his firm has unwound more than 80% of the aggregate risk from the portfolio it acquired from Leopold Aschenbrenner's Situational Awareness hedge fund, conducting more than 100 block trades representing over $4…

Tech hedge funds post worst month since 2008 amid AI stock rout

Technology-focused hedge funds suffered their worst monthly performance since the depths of the 2008 financial crisis in July, as a brutal sell-off in artificial intelligence stocks triggered forced liquidations and wiped billions from some of the industry's most prominent names.