Citadel Funds Gain 5.9%-14.2% in July After Buying Situational Awareness's AI Stocks

According to Bloomberg, three Citadel hedge funds posted significant July gains on August 5 after purchasing a distressed portfolio of artificial intelligence stocks from Situational Awareness, the collapsed fund run by former OpenAI researcher Leopold Aschenbrenner. Ken Griffin's flagship Wellington fund rose 5.9% for the month, with almost all gains arriving after the Situational Awareness deal closed. Citadel's other two funds performed even better: Citadel Equities gained 14.2% and Tactical Trading added 11.1%, both now up 27% year-to-date.
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