Hedgefonds: Citadel-Gründer Ken Griffin schlägt zu, wenn andere untergehen
Griffin nutzt die Krisen anderer gnadenlos aus. Sein neuestes Opfer: der KI-Hedgefonds von Aschenbrenner. Wie wurde Griffin zu einem der reichsten und gefürchtetsten Männer der Wall Street?
In July 2006, the hedge fund Amaranth Advisors suffered massive losses of over six billion dollars from risky gas-futures trading. Seeking a buyer, managers turned to Ken Griffin, the founder of Citadel, a U.S. hedge fund. Citadel acquired the energy portfolio of Amaranth, later generating over a billion dollars in profit.
Recently, on the night of July 30th, Citadel's top managers, including founder Ken Griffin and Leopold Aschenbrenner, reviewed the positions of their joint hedge fund, Situational Awareness. Aschenbrenner, originally from Germany, faced pressure from leveraged bets in the AI sector, requiring numerous margin calls. Griffin and Aschenbrenner agreed the following morning for Citadel to take over the credit-funded portion of Aschenbrenner's portfolio, roughly ten billion dollars, with a ten percent discount.
This acquisition significantly boosted Citadels Wellington fund, which had its best month in over four years. Griffin's strategy seems to be to thrive when others fail.
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