Citadel Cuts Risk Exposure in ‘Situational Awareness’ Portfolio by More Than 80%

Citadel has reduced total risk exposure in its Situational Awareness portfolio by more than 80%, according to a report.

Walter Bloomberg, citing CNBC's report on an investor letter, said on August 21 that Citadel had cut the portfolio's overall risk exposure by more than 80% from prior levels.

The firm did not disclose which positions were targeted by the reduction or what prompted the portfolio adjustment. It also did not say whether it plans to further reduce risk exposure.

Details about the Situational Awareness portfolio's investment strategy and asset allocation were also not disclosed.