Citadel acquires majority of AI hedge fund Situational's equity portfolio

1. 1Brennan-counted AI hedge fund Situational Awareness has sold the majority of its equity portfolio to Citadel following heavy losses in tech stocks
2. 2Citadel took on the broker-financed leverage portion, while Situational retained roughly $10 billion after the deal
3. 3Facing pressure to raise fresh capital or sell outright, the fund chose the latter, holding AI names such as Broadcom, Intel, and CoreWeave

Source WSJ +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →