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

WSJ +1 ·

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  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

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