Citadel founder Ken Griffin says the firm has reduced most of the risk associated with the Situational Awareness portfolio it acquired. In letters to clients cited by multiple outlets, Griffin states that Citadel has unwound more than 80% of the risk tied to the portfolio. Business Insider and CNBC both report the figure as roughly 80% or more, based on the text of the letter.
The reports also describe additional transaction activity referenced by Griffin. The Post says Citadel has carried out more than 100 block trades totaling more than $4 billion in the weeks since the purchase. CNBC similarly frames the disclosure as Citadel addressing its acquisition from Situational Awareness for the first time, while Business Insider emphasizes the de-risking outcome. Together, the outlets present the same core claim—major risk reduction—alongside varying details about how quickly and how large the trade activity has been.
