Citadel has acquired the majority of the equity portfolio of funds under Situational Awareness

TechFlow reports, July 30, according to The Wall Street Journal, sources revealed that Ken Griffin's investment firm Citadel has acquired the majority of the stock portfolio of AI hedge fund Situational Awareness.

Earlier reports indicated that Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, suffered huge losses due to AI-related trades and was forced to sell its stock assets to alleviate liquidity pressure. According to CNBC, the fund has liquidated all its public market stock positions.