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Kenneth Griffin
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Latest Headlines
Citadel to shut down investment bank operations
There was time not so long ago when the alternative asset managers seemed liked they were poised to compete with Wall Street's top broker dealers. Flush with massive profits and hubris, various private equity firms like KKR and hedge fund-oriented firms like Citadel boldly proclaimed their intenti
Citadel's Kenneth Griffin pitches funds in new environment
Not so long ago, the hedge fund ( hedge fund news) world-changer Citadel seemed to hit rock bottom. At the height of the crisis, there were rumors it might even fold. But it survived , and seems to be faring decently these days.
Founder Kenneth Griffin is on the stump, trying to sell his
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 Kohl
Hedge fund turnarounds
We've noted the woes of James Simon's ailing RIEF recently. But for every story of a poorly performing fund, this year, there seems to be a success story. From a performance perspective, hedge funds fared better than most gave them credit for in 2008. Still, there are some who posted losses that h
How Citadel survived the crisis
Fortune offers an interesting story about how Ken Griffin's Citadel survived the credit tsunami, that is, the vicious rumors that had engulfed it earlier this year. His two funds, Kensington and Wellington, are not faring well. That much is fact. But the rumors had gotten way out of control; t
Is the macro fund era ending?
Citadel has hit a rough patch as of late, and this has coincided with some big changes. MarketWatch reports that the big fund company run by Ken Griffin--whose star burned so brightly not so long ago--is moving away from its traditional focus: A single, large, multi-strategy fund.
Its main
Citadel among funds getting hit by crisis
In many ways, Kenneth Griffin would appear to be type-cast as a hedge fund manager. He's made billions. He bought a Cezanne for $60 million. He was married at Versailles. But there is nothing ordinary about the way he built Citadel into a hedge fund power. Now, even Griffin is getting walloped by
Citadel sees opportunity in tough times
It's a cliche that the real visionaries see opportunity in crises. But Citadel apparently sees a good chance to lock in talent. It has announced a string of hires recently that Financial News Online has noticed. The latest catch: Derek Kaufman, most recently the global head of fixed income in
Citadel to go public in 2008?
Ken Griffin , the 38-year-old head of Citadel Investment Group, is already worth about $2 billion. That could head much higher in 2008 if he manages to take his alternative investment powerhouse public, something that Business Week Online says is likely. This would qualify as a contrarian
Citadel's big plans
Citadel rocketed to prominence as a canny hedge fund manager since its founding by Ken Griffin in 1990. Now there are lots of rumors swirling about it. Will it go public? Will it seek a stake in Bear Stearns? Will it buy Bear Stearns? Well, its more than a hedge fund. Financial News Online
