{"id":10290,"date":"2026-08-26T00:25:57","date_gmt":"2026-08-26T00:25:57","guid":{"rendered":"https:\/\/radio406.org\/?p=10290"},"modified":"2026-08-22T20:26:30","modified_gmt":"2026-08-22T20:26:30","slug":"griffin-says-citadel-has-unwound-most-of-situational-awareness-book","status":"publish","type":"post","link":"https:\/\/radio406.org\/?p=10290","title":{"rendered":"GRIFFIN SAYS CITADEL HAS UNWOUND MOST OF SITUATIONAL AWARENESS BOOK"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: center;\"><em>Firm&#8217;s flagship multistrategy fund rose 5.9% in July, among its best months since 2022<\/em><\/p>\n<p dir=\"ltr\">Citadel has unwound more than 80% of the risk tied to the portfolio it acquired from Leopold Aschenbrenner&#8217;s Situational Awareness, founder Ken Griffin told clients in a letter Friday, his first public accounting of a transaction that closed at speed last month.<\/p>\n<p dir=\"ltr\">The letter also disclosed that Citadel&#8217;s flagship multistrategy fund finished July up 5.9%, among its strongest monthly showings since 2022.<\/p>\n<p dir=\"ltr\">The disclosure closes the loop on one of the more unusual unwinds in recent hedge-fund history: the rapid transfer of a concentrated artificial-intelligence book from a fund run by a 25-year-old to the largest multistrategy platform in the industry. How much of July&#8217;s gain, if any, traces to the acquired positions wasn&#8217;t specified in the letter.<\/p>\n<p dir=\"ltr\">&#8220;A transaction of this magnitude could not have been completed without the extraordinary cooperation of the trading and prime brokerage teams at the banks serving both firms,&#8221; Mr. Griffin wrote. &#8220;I am grateful for the focused effort they brought to the rapid transfer of the portfolio.&#8221;<\/p>\n<p dir=\"ltr\">Situational Awareness had built its book around Mr. Aschenbrenner&#8217;s thesis that AI would reorder the global economy, concentrating capital in the trade rather than diversifying across it. The fund paired those positions with shorts in software companies, wagering against a sector many investors expect AI to disrupt.<\/p>\n<p dir=\"ltr\">That construction\u2014concentrated longs against a levered short book\u2014is what made the portfolio difficult to move in ordinary course, and what made the involvement of both firms&#8217; prime brokers central to Mr. Griffin&#8217;s account of the deal.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/montananewsroom.com\/\"><strong>By: Montana Newsroom wire<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Firm&#8217;s flagship multistrategy fund rose 5.9% in July, among its best months since 2022 Citadel has unwound more than 80% of the risk tied to the portfolio it acquired from Leopold Aschenbrenner&#8217;s Situational Awareness, founder Ken Griffin told clients in a letter Friday, his first public accounting of a transaction ...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,578],"tags":[],"class_list":["post-10290","post","type-post","status-publish","format-standard","hentry","category-featured","category-national"],"_links":{"self":[{"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/posts\/10290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/radio406.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10290"}],"version-history":[{"count":1,"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/posts\/10290\/revisions"}],"predecessor-version":[{"id":10291,"href":"https:\/\/radio406.org\/index.php?rest_route=\/wp\/v2\/posts\/10290\/revisions\/10291"}],"wp:attachment":[{"href":"https:\/\/radio406.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radio406.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radio406.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}