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But we saved everything 🙂.
Gavin Baker, CIO at Atreides Management, highlights a notable disclosure by Ken Griffin, shared via CNBC—that 80 percent of the SALP portfolio has been shed.
Baker estimates this portfolio was levered more than four to one, making its gross size at least $180 billion. He notes that unwinding such a significant amount would inevitably have a meaningful impact on the market, an effect he reports feeling recently.
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Baker has previously commented on activity in technology and AI sectors. He recently noted Anthropic is losing share to OpenAI, open source, and Grok despite rapid growth in a recent analysis. Earlier this year, he highlighted Blackstone's growing commitment to AI financing ahead of an Austin summit in another report.