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Citadel Snags Awareness Fund Assets After 67% Collapse

8/3/2026

Summary

Story summary

Citadel bought part of Leopold Aschenbrenner’s Awareness equities after the fund lost 67% of its $16 billion value in July.
Citadel secured the portfolio, beating bids from Millennium and Jane Street, closing by Thursday.
Running 3-to-4-times leverage, the fund triggered margin calls as AI-infrastructure stocks fell and kept a $5 billion Anthropic stake Citadel did not buy.
Leopold Aschenbrenner, 24, is marrying Anthropic chief of staff Avital Balwit in Carmel-by-the-Sea, California.

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Story summary

Citadel bought part of Leopold Aschenbrenner’s Awareness equities after the fund lost 67% of its $16 billion value in July.
Citadel secured the portfolio, beating bids from Millennium and Jane Street, closing by Thursday.
Running 3-to-4-times leverage, the fund triggered margin calls as AI-infrastructure stocks fell and kept a $5 billion Anthropic stake Citadel did not buy.
Leopold Aschenbrenner, 24, is marrying Anthropic chief of staff Avital Balwit in Carmel-by-the-Sea, California.