HedgeCo.Net — Ken Griffin told clients in a Friday letter that Citadel has unwound more than 80% of the aggregate risk from the public-equity book it bought from Leopold Aschenbrenner’s Situational Awareness hedge fund. CNBC, which obtained the letter, said the firm did that through more than 100 block trades with more than $4 billion of market value. 24/7 Wall St., writing from the same Friday update, put the same 80% risk cut, nearly 100 blocks, and more than $4 billion of market value on the...
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