Category: Citadel Investment Group

Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down.

The New York Times – Business:
Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene — and then nose-dived.
What a Hedge Fund’s Implosion Says About the A.I. Trade

The New York Times – Business:
Situational Awareness caught the attention of Wall Street with its highly leveraged trades. It nearly collapsed amid a wave of market volatility.
A.I. Hedge Fund Situational Awareness Rescued by Rival Citadel

The New York Times – Business:
The once-high flying fund, Situational Awareness, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.
The Villain of This Year’s Commencement Speeches: A.I.

The New York Times – Business:
College students have interrupted graduation ceremonies to voice their fears about artificial intelligence. They’re not the only ones who are worried.
Ken Griffin Speaks Out Against Trump’s Attacks on the Fed

The criticism from the hedge fund billionaire and Trump voter is a rare rebuke of the president by a corporate leader.
Wall Street’s Decision Makers Brace for More Chaos After Markets Plunge

The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.
Wall Street Is Getting Antsy With Trump

The contrasting reactions between the overflow and V.I.P. areas at a Trump event encapsulated the finance world’s worries about the new administration’s first month.
Ken Griffin, Top Republican Donor, Says He Voted for Trump

Mr. Griffin, who had previously derided Donald J. Trump as a “three-time loser,” said he voted for the president-elect.
Rising Markets Lift Hedge Funds to Huge Gains

The 20 best-performing hedge funds made $67 billion in gains last year, a big jump from the year before.
Rising Markets Lift Hedge Funds to Huge Gains

The 20 best-performing hedge funds made $67 billion in gains last year, a big jump from the year before.
Business Leaders Push Back on Schools and Conferences Over Israel

Wall Street magnates and tech entrepreneurs are the latest to push back against institutions over where they stand on the country and its response to the Hamas attacks.
Warning of ‘Grave’ Errors, Powerful Donors Push Universities on Hamas

Wall Street financiers are pressing elite schools to condemn criticism of Israel. Amid pressure, the University of Pennsylvania on Sunday issued a statement referring to Hamas’s attack as terrorism.