Citadel Secur2026-08-21 15:02:18Citadel Securities says block trades removed more than 80% of risk from acquired portfolioCitadel Securities founder Ken Griffin told clients on Friday that the firm has already stripped out more than 80% of the overall risk tied to the investment portfolio it bought from Leopold’s Situational Awareness fund assets. According to a letter obtained by CNBC, the risk reduction was carried out through more than 100 block trades with a combined market value of over $4 billion. Griffin said the transfer would not have been possible without close coordination from the trading desks and prime brokerage teams at the banks serving both companies, and he thanked them for moving the portfolio quickly. He also confirmed that Wellington, the firm’s flagship multi-strategy fund, posted a 5.94% return in July. CNBC had earlier reported that the result marked the fund’s best monthly performance since 2022.1070
Citadel2026-08-21 14:45:13Ken Griffin says more than 80% of Situational Awareness portfolio risk has been unwoundCitadel founder and CEO Ken Griffin told investors on Aug. 21 that the firm has unwound more than 80% of the original portfolio risk tied to the AI fund Situational Awareness through nearly 100 block trades. The portfolio involved had a total market value of more than $4 billion, and Griffin said Citadel also exited most of its vega exposure quickly. In a Friday letter to clients, Griffin credited the trading and prime brokerage teams at the banks serving the two companies involved, saying the transfer could not have been completed at that scale without their close coordination. He thanked them for the focused effort that allowed the portfolio transition to be completed quickly. Griffin also confirmed that Citadel’s flagship multi-strategy Wellington fund returned 5.94% in July. CNBC had earlier reported that the result was the fund’s best monthly performance since 2022.1080
