Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Chicago's Hedge Fund Empire

Citadel's Ken Griffin to Build a Hedge Fund Empire in Chicago

In part by doubling down on technology, an American hedge fund manager, founder and CEO of Citadel, a global alternative investment firm, would build a $24 billion hedge fund empire in Chicago.
That fortune is at the heart of a divorce battle with his wife Anne Dias Griffin. She recently raised eyebrows by demanding $1 million in monthly expenses, including a whopping $160,000 a month for hotels and $2,000 a month for stationery.
Citadel's success: Despite the controversy swirling around Griffin, his hedge fund continues to hit home runs -- even as many of its peers are barely hitting singles.
Citadel has three big funds, all of which beat the market by a lot last year. The Citadel Tactical Trading fund surged nearly 27% last year, while its Global Equities Fund climbed over 23%, according to a person familiar with the matter. Citadel's flagship Wellington fund jumped 18% in 2014.
By comparison, the S&P 500 "only" gained 11% last year. Citadel's rivals did far worse, with the average hedge fund posting a gain of just 2.2%, according to data tracker eVestment.
"He is one of the top managers -- period -- among ETFs, mutual funds and hedge funds," said Raul Moreno, co-founder and CEO of iBillionaire, which tracks the holdings of a pool of uber-rich investors like Warren Buffett and Carl Icahn.
Source: CNNMoney

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, American Hedge Fund Manager, Citadel, Chicago, Anne Dias Griffin, Citadel Tactical Trading, Global Equities Fund, Raul Moreno, iBillionaire, Warren Buffett, Carl Icahn.

Link to This Resource: Chicago's Hedge Fund Empire

Redesign by HedgeCo Website Creation