Ken Griffin says Citadel has shed 80% of the risk from the Situational Awareness portfolio it bought0

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• August 21, 2026

Ken Griffin says his hedge fund has de-risked the majority of the Situational Awareness portfolio it acquired, according to a letter to investors obtained by Business Insider. The Citadel boss updated clients on the performance of Citadel Wellington Fund, the firm’s flagship multi-strategy fund that purchased a large portion of Situational Awareness’s investments last month