Citadel’s major hedge funds delivered strong gains in July, with flagship multistrategy Wellington returning 5.9%, its best monthly performance since 2022. The tactical trading fund gained 11.1% and the equities fund advanced 14.2%, both marking their best month ever. Citadel acquired the bulk of Situational Awareness’s public-stock portfolio at a discount, after the fund founded by former OpenAI researcher Leopold Aschenbrenner was forced to liquidate positions following significant losses from a reversal in AI-related trades. Citadel managed approximately $71 billion in assets as of July 1.
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