Money
Heresy Financial host alleges Citadel bought distressed AI fund portfolio in block trade
Heresy Financial
The Real Reason Citadel Just Took Over a $45 Billion Fund
""It is because it was Citadel who bought the situational awareness portfolio in the large block transaction. What else did Citadel do just recently? Well, just a few days before the Federal Reserve's FOMC meeting, Citadel released a report saying that the Federal Reserve was actually going to hike rates.""
In a monologue on Heresy Financial, host Joe Brown claims that Citadel bought a large portion of the public portfolio of Leopold “Ashen Brener’s” highly leveraged, AI-focused fund in a block transaction after a rapid deleveraging.
Brown further alleges Citadel’s recent public call for a surprise Federal Reserve rate hike added to market selling pressure, contributing to forced liquidations that pushed prices down before the block sale. He provides no primary documentation in the clip beyond referencing a “reportedly” investor letter.
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Heresy Financial