Citadel Founder Releases Open Letter, States Over 80% of Situational Awareness Portfolio Risk Eliminated
BlockBeats News, August 21st, Citadel founder and CEO Ken Griffin released an investor letter regarding the AI fund Situational Awareness. Ken Griffin stated that through nearly 100 block trades, over 80% of Situational Awareness's original portfolio risk has been eliminated, with a total value exceeding $4 billion, and a swift exit from most of the vega risk.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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