With Situational Awareness AI deal, Citadel’s Griffin rides to the rescue again
When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook.
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.
Amid market rumblings that at least one firm was in trouble, Griffin, 57, assembled his top lieutenants to investigate, according to five people with knowledge of the matter.
