Situational Awareness, an artificial intelligence-focused hedge fund led by Leopold Aschenbrenner, sells most of its public equity portfolio to Ken Griffin's Citadel after leverage-driven losses force liquidation.Citadel acquires the leveraged portion of stakes in Broadcom, Intel and CoreWeave while Situational retains about $10B in assets, including private investments such as its stake in Anthropic.The sale, facilitated by
Goldman Sachs,
JPMorgan Chase,
Bank of America and
Citigroup, underscores record monthly losses across hedge funds tied to the artificial intelligence stock rout and renews scrutiny of the fund's risk controls.