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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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Illustrative: Alhurra
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