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Citadel Fund Gains 5.9% After Discounted AI Hedge Purchase

8/5/2026

Summary

Story summary

Citadel’s flagship fund rose 5.9% in July after buying AI hedge fund Situational Awareness’s stock at a 10% discount.
The purchase, negotiated on July 29 and signed within 24 hours, raised Citadel’s year-to-date gains to 12%.
Situational Awareness, founded by OpenAI researcher Leopold Aschenbrenner, held $45 billion at its peak before lenders forced liquidation.
Citadel’s Wellington fund gained 0.45% in July’s last week.
Whale Rock’s flagship fund fell 21.7% in July.

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Story summary

Citadel’s flagship fund rose 5.9% in July after buying AI hedge fund Situational Awareness’s stock at a 10% discount.
The purchase, negotiated on July 29 and signed within 24 hours, raised Citadel’s year-to-date gains to 12%.
Situational Awareness, founded by OpenAI researcher Leopold Aschenbrenner, held $45 billion at its peak before lenders forced liquidation.
Citadel’s Wellington fund gained 0.45% in July’s last week.
Whale Rock’s flagship fund fell 21.7% in July.