Citadel investment group is a hedge fund managing company. It is a private institution founded in 1990, by Ken Griffin. The Citadel financial institution has been in existence for over twenty years and operates two business ventures. Citadel-this is the world’s largest and leading asset managers, currently with over $26 billion in assets under its managerial structure; and the well-known citadel securities which is the global leading market makers, dealing in products like equities and interest rate barter that stretch services for both retail and institution based clients. The institution has grown over the years and is globally recognized for managing funds ranging from sovereign wealth funds to university endowments and pensions. It has offered employment opportunities for over 1,400 individuals, with its headquarters in the American city of Chicago and several other offices across the larger North America, Europe and a great part of Asia. Behind this financial power muscle and success of the institution, is a brain-child of one enterprising American Kenneth C. Griffin, the founder and current Chief Executive Officer (CEO).
Kenneth overstretched his mind thinking beyond financial management way back in 1986, while he was a freshman at Harvard University, pursuing a bachelor’s degree in economics. Through the limited partnership with several friends and family, he raised a capital tuning to $270000 and started a hedge fund that focused mainly on convertible bond arbitrage. Through his enterprising mind, the investment preserved a great deal of capital after the fall of the stock market of 1987. The success of this enabled Griffin to establish another fund.Today, the institution is a global financial managing group with the best-ranked structure.
Kenneth C.Griffin is an American businessman born on October 15, 1968, in Florida. He started his university life at Harvard University in 1986 and graduated in 1989 with a bachelor’s degree in economics. Upon graduating, he received a helping hand from Frank C.Meyer: an investor and founder of Glenwood Capital LLC, worth $1 million to invest. Ken Griffin’s works on wallstreetjournal went beyond Meyer ‘s expectations, and Mr. Frank is reported to have reaped over seventy percent return on his investment. He is recognized as one of the most influential people in the world of finance as reflected in the 2002 CFO magazine’s Global 100. His worthwhile recognition came in 2003, when he first featured on the Forbes 400, with an estimated net worth of $650 million. He is a family man with three children, having married Anne Dias in 2004. Kenneth Griffin is a member of the Fourth Presbyterian Church of Chicago, which he helped develop by donating $11 million in 2011. Earlier in 2015, Griffin received recognition from the Great Workplaces to work institutions, for his financial services at Citadel LLC.
Citadel Securities enclose liquidity provisions across equities, interest rate swaps, and asset units. With the fast evolving global investing mileage, Citadel LLC has stood out to be a transformer of the financial market. Through the use of advanced electronic trading platforms, Citadel has leveled the investor’s field by greatly improving on transparency and vital cost savings.