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Citadel (Ken Griffin) bought @leopoldasch's book after it suffered steep losses…

2026-08-01 · 07:21 UTC ·@modernmarket_ ·0 min read

Brief

On 2026-08-01 @modernmarket_ reports that Citadel, led by Ken Griffin, purchased @leopoldasch's book following large losses. Commentator @BCheque1 argues Citadel’s prior call anticipating a Fed rate hike should be reexamined, suggesting Citadel was aware of the troubled position of the firm/strategy called Situational Awareness and acted accordingly.

Why it matters

Citadel (Ken Griffin) bought @leopoldasch's book after it suffered steep losses, according to a 2026-08-01 post by @modernmarket_.

Key details

@BCheque1 says Citadel’s earlier public view that a Fed rate hike was coming deserves reconsideration; they believed Citadel knew the 'predicament' that Situational Awareness faced and may have acted on that knowledge.

Source evidence

Citadel bought the @leopoldasch's book after steep losses.

@BCheque1 thinks its earlier rate-hike call now deserves another look.

“So first takeaway for me is that Ken Griffin at Citadel is a killer.

Second move, second takeaway, as I said on Wednesday, I didn't believe that this perspective that was shared that Citadel thought there was a rate hike coming was real.

I just couldn't see any reason for a rate hike then. And I think what is clear is that they were very aware of the predicament that Situational Awareness was in.”

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