Independent financial journalist who broke the Situational Awareness fund liquidation story; former hedge fund analyst with experience at Kramer's firm; runs a subscription terminal for market intelligence.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Citadel bid on the liquidated portfolio alongside Jane Street and Millennium, securing a 3-4B instant markup; this reinforces Citadel's brand as the go-to liquidity provider for prime brokers, positioning Ken Griffin as the next Warren Buffett-style crisis backstop.
The fund concentrated in AI infrastructure names (Nebius, SanDisk, Micron, CoreWeave) while shorting software like Adobe, but 4x leverage meant a 25% drawdown wiped out equity; prime brokers seized the portfolio and Citadel bought it at a 3-4B instant markup.
The private Anthropic holding was the fund's crown jewel; as public positions crashed, the fund tried to sell a slice of Anthropic at roughly current markup ($1.1T) to raise cash, but it's unclear how much was actually sold before the full liquidation.