Citadel

Is Bitcoin in a Bubble? Experts Say Yes

December 4, 2017 James Heinsman In the News

As the value of one bitcoin explodes past $11,000, some in the hedge fund community are bad-mouthing the rise of the mysterious cryptocurrency. Ken Griffin, founder and CEO of the Citadel hedge fund, compares the recent blast-off of bitcoin to the infamous tulip bulb bubble in 17th century Holland, also known as “tulipmania.” Griffin believes […]

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Citadel’s Surveyor Firing Employees in Wake of 2016 Losses

February 22, 2016 James Heinsman In the News

After posting losses amounting to 6.5 percent in 2016, giant hedge fund Citadel announced it is laying off over a dozen employees from its investment team. Analysts, associates and portfolio managers were given the boot from Surveyor Capital, one of Citadel’s three internal units which invest in stocks globally. Citadel is based in Chicago and […]

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MoMA Gets Gifted from Griffin

December 23, 2015 Debbie Jacobs In the News

Hedge fund manager Kenneth C. Griffin has donated an unrestricted gift of $40 million to New York’s Museum of Modern Art. Museum officials announced the donation, which is the single largest in the history of the museum. In response to the generous gift the museum will name its most famous building for him- calling the […]

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Managers Face Deep Pay Cuts During 2014’s Bad Year for Hedge Funds

May 10, 2015 Maria Morales Economic Barometer

It is no secret that 2014 was one of the worst years in history for hedge fund returns. And don’t think the managers of these funds haven’t had to take some of the responsibility, in the form of lower wages. As a group the 25 top-earning hedge fund managers collected what most of us would […]

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Citadel, Point72 and Pershing Square Grew Well in 2014

January 13, 2015 James Heinsman Hedge Fund News

In general it was a slow year for hedge funds, but not for everyone. Chicago-based Citadel was able to take what was a challenging year for most funds and turn it into a year of excellent growth.  Citadel’s equity hedge fund realized over 23 percent returns, while their multi-strategy flagship funds, Kensington and Wellington had […]

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