WSJ: Wall Street Sniffed Out Situational Awareness Selling Anthropic Stake at 20% Discount

The Wall Street Journal details how Leopold Aschenbrenner's Situational Awareness fund tried to raise cash by shopping a slice of its $5B Anthropic stake at roughly a 20% discount, tipping counterparties that the leveraged AI-infrastructure book was in trouble. Traders quickly told the WSJ the fund was 'being hunted,' and Citadel ultimately absorbed the bulk of the public-equity portfolio.