SPOTLIGHT: Ken Griffin on the hot seat

Citadel Investment Group's Ken Griffin is not taking 2008 lightly. It was a disastrous year from which the hedge fund has yet to recover, but it is pushing ahead with ambitious plans to morph into an investment bank as well as an alternatives provider. Others have the same ambition--including Kohlberg Kravis & Roberts--but few have pursued it as aggressively. Still, limited partners in Griffin's core hedge funds have bailed out, and that can't be ignored. Is it time to return to basics? Article