Citadel Gains 5.9% in July After Profiting From Situational Awareness Deal
Citadel’s Wellington fund gained 5.9% in July after purchasing discounted AI stocks from Situational Awareness during the market selloff.
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Citadel’s Wellington fund gained 5.9% in July after purchasing discounted AI stocks from Situational Awareness during the market selloff.
Leopold Aschenbrenner’s Situational Awareness hedge fund reportedly lost around 90% of its value in just four weeks after heavily leveraged bets on AI infrastructure unraveled during a sharp sector-wide selloff.
Palantir shares have dropped 34% since Michael Burry’s bearish position became public.
Leopold Aschenbrenner’s hedge fund grew from $225 million to $13.7 billion by betting on AI infrastructure, energy, and compute bottlenecks rather than chatbot applications.
Hedge funds close amid volatility, with Eminence Capital shutting after 27 years and others reporting major losses.
The hedge fund behind DeepSeek delivered over 50% returns last year, boosting capital reserves for one of the world’s fastest-rising AI developers.
Michael Burry says Scion is not closing but will stop managing client funds and operate solely as his private investment vehicle.
Michael Burry de-registers Scion Asset Management, returns investor capital, and exits hedge fund management as his market views diverge from prevailing valuations.
Palantir CEO Alex Karp criticizes Michael Burry’s billion-dollar short bet on Palantir and Nvidia as bewildering given their AI leadership.
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