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Citadel offloads 80% of portfolio scooped up from Situational Awareness

• cl42 1mo ago
  > Citadel has sold more than 80 per cent of the portfolio it took on from buying the majority of Situational Awareness’s stock bets last month after the AI-focused hedge fund was almost toppled by the recent tech sell-off. ... > “Over our nearly thirty-six-year history, we have prided ourselves on being front-footed and proactive during periods of market dislocation,” Griffin wrote. The firm’s flagship fund was up 6 per cent in July, while many of its rivals lost money or were relatively flat.