Saturday, 1 August, 2026
Wall Street Lifeline: Ken Griffin Steps In to Salvage Struggling AI Hedge Fund
By TechShots Studio
Ken Griffin’s Citadel stepped in as a rescue buyer, acquiring the bulk of Situational Awareness's $16 billion public equity portfolio after the AI-focused hedge fund faced severe losses and margin calls. Founded by former OpenAI researcher Leopold Aschenbrenner, the over-leveraged fund buckled during a tech sell-off. Griffin’s swift buyout prevented a fire sale of AI stocks while allowing Situational Awareness to retain its private holdings.
Read full story at REUTERS