Lates News

The hedge fund Situational Awareness, which primarily invests in artificial intelligence, stated in its filing that this month the fund reduced some of its holdings and sold shares of Tokyo-based TDK Corporation to Citadel and other investors. The filing submitted to Japan's Ministry of Finance reveals that on August 3, the fund sold approximately 4.62 million shares of TDK at a price of 9,397 yen per share to Citadel's multi-strategy equity main fund, corresponding to a holding ratio of 3.42%. The document also disclosed that the fund nearly faced bankruptcy last month and on the same day sold shares to Jane Street Financial, JPMorgan Securities, and Barclays at a price of 10,225 yen per share.