sleepy5136
Well-known member
Long story short Situational Awareness (SA) a hedge fund got margin called and its positions were bought out by Citadel. Citadel manipulated the market by dropping news that a market rate hike was on the table on Tuesday despite the odds of it being low. Markets sold off day after and given SA was 4x leveraged, he was forced to sell his public positions and was bought by Citadel for 0.40-0.50 to the dollar. CRAZY stuff and quite frankly I’m surprised it’s even legal.
Article: https://www.wsj.com/finance/citadel...7159b?st=qR6S5m&reflink=article_copyURL_share
Article: https://www.wsj.com/finance/citadel...7159b?st=qR6S5m&reflink=article_copyURL_share