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The Latest Breaking News from Citadel

Billionaires are flocking to these 3 Florida localities—here's how much they save in state taxes

Florida's lack of a state income tax and wealth tax is pulling the ultrawealthy to three localities in particular.

Fortune

Goldman, Templeton, Fidelity said to plan buying into NSE IPO

Goldman Sachs Asset Management, Franklin Templeton and Fidelity International are among global investors expected to participate as anchor investors in NSE’s IPO. Norges Bank Investment Management, Abu Dhabi Investment Authority, GIC, Millennium Management, Marshall Wace and Citadel Capital are also likely to subscribe. The exchange is preparing to raise up…

The Economic Times

AI Investor Plans to Buy Entire Galaxies With His AI Fortune for His Wife Despite Losing Billions

AI investor Leopold Aschenbrenner reportedly dreamed of buying galaxies with his future AI fortune. But his hedge fund has since suffered a major collapse and drawn SEC scrutiny.

International Business Times UK

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The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them

Driven partly by proposed wealth taxes, some of America’s richest people have poured hundreds of millions of dollars into waterfront Florida real estate.

Fortune

Citadel Has Unwound Most Of The Risk From The Situational Awareness Portfolio It Bought At Discounted Prices: Report

Situational Awareness was forced to sell all of its public stock positions after seeing steep losses.

International Business Times

Situational Awareness Bet Billions on Sandisk Before Imploding. The Supercycle Is Far From Over for SNDK Stock.

Situational Awareness’s multibillion-dollar bet on Sandisk highlights its conviction in the AI-driven memory boom, while the fund’s subsequent implosion raises broader questions about leverage, crowded positioning, and what comes next for SNDK investors.

Barchart

Jane Street Still on Record Pace After $15 Billion July Loss Despite First Losing Month Since 2016

Jane Street lost $15 billion in July but still generated more than $40 billion through seven months, surpassing its full-year 2025 record.

International Business Times UK

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Billionaire Ken Griffin Once Said 'If You Don't Like to Sell, Get Over It' - Here's What That Means for Traders Today

Here's what the Citadel boss said about the ugly side of making money, and the psychological lessons for everyday investors.

Barchart

Ransom-seeking hackers set their sights on Wall Street’s trillion-dollar private equity firms: report

Ransom-seeking hackers employing phone calls to compromise their targets have set their sights on dozens of prominent U.S. financial institutions and other businesses over the past month, according to findings from Google and internet intelligence data reviewed by Reuters.

The Independent UK

Wall Street's Biggest Hedge Funds Didn't Get Hacked, but AI Voice Clones Came Alarmingly Close

The attempted campaign suggests AI-powered impersonation is becoming a scalable cyber threat, shifting attacks from breaking systems to manipulating people.

International Business Times UK

Hackers targeted US private equity, other firms including Blackstone, CME, data shows

The data shows the hackers devised websites aimed at stealing passwords from employees of private equity firms and companies including Blackstone, Bridgewater Associates, Apollo Global Management, Bain Capital, KKR, TPG, CME Group and Moody's, as well as a host of financial companies and other businesses. Internet company Google said in…

The Economic Times

JPMorgan's Dimon Is Warning About Leverage In The Market After Collapse Of Situational Awareness

JPMorgan CEO Jamie Dimon warned that high levels of leverage across financial markets have the potential of causing disruption in the markets in the future.

International Business Times

Major Wall Street firms targeted in attempted cyberattacks, sources say

Major Wall Street financial firms faced sophisticated cyberattacks recently. Hackers used phone calls to trick employees into granting access. Several large hedge funds and private equity firms were targeted by these attempts. Point72 Asset Management confirmed an attack but stated no customer data was stolen. Global companies are now battling…

The Economic Times

After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all

The Citadel CEO is staying put, and both his hedge fund and market maker will remain anchor tenants in a new $4.5 billion skyscraper.

Fortune

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International Business Times

Citadel Bought Assets From Collapsed Situational Awareness At a Discount. Its Flagship Fund Had Its Best Month In Years

Citadel's flagship Wellington fund posted 5.9% returns in July, its largest in years, after the company bought assets from collapsed Situational Awareness at discounted prices.

The Economic Times

‘Ken Griffin isn’t a villain’: Why Jeff Bezos is defending the billionaire Citadel CEO who owns America’s most expensive apartment amid Zohran Mamdani’s $5 million NYC tax plan

Amazon founder Jeff Bezos has defended billionaire Citadel CEO Ken Griffin, saying “Ken Griffin isn’t a villain”. The development came as the Blue Origin founder offered his opinion on NYC Mayor Zohran Mamdani’s proposed $5 million pied-à-terre tax. Bezos warned New York against excessive taxation and a “villain strategy” targeting…

Barchart

Billionaire Ken Griffin Just Saved Situational Awareness, But Here’s What a Rescue Call From Citadel Really Sounds Like — ‘I… Heard the Grim Reaper’s Scythe’

Getting rescued by Griffin comes with a steep cost, according to hedge fund manager Cliff Asness.

International Business Times

A Former OpenAI Employee Built A $45 Billion Fortune From AI. Then A Hedge Fund Selloff Wiped Out Most of Its Value.

Situational Awareness ultimately sold its public equity holdings, including stakes in companies such as SK Hynix and CoreWeave, to Citadel at a discount after facing mounting margin pressure.

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The Economic Times

With Situational Awareness AI deal, Citadel's Griffin rides to the rescue again

Citadel's founder this week reprised his role as one of Wall Street's rescue buyers, stepping in to salvage California hedge fund Situational Awareness as it buckled under souring bets on artificial intelligence stocks.

Fortune

The power couple of AI is getting married in Carmel, days after groom Leopold Aschenbrenner’s hedge fund nearly blew up

Leopold Aschenbrenner sold the bulk of his firm, Situational Awareness, to Citadel at a discount, then offered investors one-on-one calls during his honeymoon.

International Business Times UK

Citadel Acquires Bulk of Leopold Aschenbrenner's AI Stock Portfolio Following Brutal Hedge Fund Sell-Off

Citadel acquires most of Situational Awareness' public equity portfolio after the hedge fund suffers losses during an AI stock downturn, highlighting the volatility in AI investments.

International Business Times UK

Who Is Leopold Aschenbrenner? Ex-OpenAI Researcher Behind the $20B AI Hedge Fund's Sudden Sell-Off

Leopold Aschenbrenner's $20 billion AI hedge fund, Situational Awareness, faced a dramatic reversal, selling its public equity portfolio to Citadel amid a sharp AI market correction.

Benzinga

Brutal Math of Leveraged AI Bets: Why Martin Shkreli Says Wall Street Will 'Send Micron to $5'

As a massive, over-leveraged AI hedge fund, Situational Awareness, faces forced liquidation, former hedge fund manager Martin Shkreli, also known as ‘Pharma Bro’, warns that Wall Street’s trading tactics—not just falling valuations—are driving the collapse.

International Business Times UK

The Hidden Reason Leopold Aschenbrenner's Situational Awareness Fund Was Forced To Unwind

Situational Awareness built major AI infrastructure positions before leverage and market volatility forced the fund to unwind its public portfolio.

Benzinga

Citadel Securities' Surprise Fed Rate Hike Call Revives Decade-Old Kevin Warsh-Ben Bernanke Feud: 'This Is Bravo TV for Bond Nerds'

Citadel Securities‘ bold forecast that the Federal Reserve will deliver a surprise interest rate hike has Wall Street buzzing—not just for its hawkish economic stance, but for the ironic historical connection it highlights between current Fed Chair Kevin Warsh and former Chair Ben Bernanke.

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