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Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter.
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Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation.
Faber reports that the liquidation was done “through one enormous trade."
Roughly two-thirds of the assets...
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Jun 30, 2026 / Tyler Durden
Trump Suggests He May Not Sign Bipartisan Housing Affordability Bill
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Authored by Zachary Stieber via The Epoch Times,
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Jul 8, 2026 / Tyler Durden
Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump
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After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: instead of the expected $17.5BN increase, in May total consumer credit unexpectedly shrank for the first time since...
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