๐ Citadel Exits Bottom-Bought Portfolio
Citadel has sold 80% of the portfolio it bought from Situational Awareness at the market bottom, according to the Financial Times. The holdings rallied sharply after the purchase.
Situational Awareness nearly collapsed after the tech crash wiped out its positions. Citadel bought most of the stock holdings, then sold them back into the market through nearly 100 trades worth over $4 billion.
Ken Griffin told investors: "We have prided ourselves on being front-footed and proactive during periods of market dislocation."
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๐ Citadel Exits Bottom-Bought Portfolio Citadel has sold 80% of the portfolio it bought from Situati
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