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At the scale where hedge funds compete, AI equity exposure runs into a hard liquidity constraint.
Buying billions of dollars in AI stocks through open-market accumulation risks moving prices against the buyer and triggering disclosure requirements.
Citadel, Ken Griffin's firm, found a cleaner path: a direct acquisition from Situational Awareness, Leopold Aschenbrenner's investment operation. The flagship fund posted a 6% gain following the purchase.
The transaction's structure Citadel bought billions of dollars in AI stocks from Situational Awareness in what the source describes as a swoop.
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