Ken Griffin sent clients a letter Friday closing out the Situational Awareness saga. Citadel bought Aschenbrenner’s $16…

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Ken Griffin sent clients a letter Friday closing out the Situational Awareness saga. Citadel bought Aschenbrenner’s $16 billion book at a discount north of 10%, priced the whole thing in a few hours, and beat out Millennium and Jane Street to do it. Three weeks later they’ve shed more than 80% of the risk — over 100 block trades, $4 billion in market value, and the largest intraday block of the year in 10 different names. The flagship fund finished July up 5.94%, its best month since 2022. His…

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