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

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