Hedge Fund – Rising Star in Creating Billionaires

Citadel and Ken Griffin
Ken Griffin – one of my clients whom I want to introduce to my blog readers as their idol. Ken is a typical example of starts young, gets rich young and is a self-made billionaire who of course, qualifies to retire young. His company, Citadel, was rated Best Hedge Fund by Euromoney in 2007.

Ken Griffin (38) was a typical successful young investor who started trading at his dorm room at Harvard. He established Citadel at the age of 22 in 1990.

Citadel - The Silent Giant
Unlike other private-money gurus such as Warren Buffett, Stephen Schwarzman and Steve Cohen, Ken Griffin remains largely unknown. Citadel has ballooned into an AUM of $16 billion. (That’s $1.5 billion more than Cohen’s firm and half a billion dollars more than the fund run by George Soros, according to estimates.) Citadel trades in low profile, however huge volume. On some days it trades as much as 3 percent of the volume on the Nasdaq and the New York Stock Exchange.

Ken Griffin’s Bio
1968 – Born
1990 – B.A. in Economics, Harvard University
1990 – Founded Citadel
2003 – Forbes 400 – net worth $650 million #377 (first time on list)
2004 – Forbes 400 – net worth $825 million #363
2005 – Forbes 400 – net worth $1.5 billion #207
2006 – Forbes 400 – net worth $1.7 billion #204
2007 – Forbes 400 – net worth $3 billion #117

More About Ken Griffin
Started investing as a Harvard undergrad; read article in Forbes about Home Shopping Network, became interested in the stock market. Managing $1 million of family's, friend's money by senior year. Convinced by investor Frank Meyer to move to Chicago; founded Citadel Investment Group 1990 with Meyer's money. His hedge funds said to have averaged 20% net of fees annually. Assets under management exceed $16 billion.
Source: Forbes 2007

Kenneth C. Griffin (born 1968 in Daytona Beach, Florida) is an American hedge fund manager. Currently, he is Managing Director and CEO of Citadel Investment Group, a Chicago based hedge fund. A self-made billionaire, he founded and propelled Citadel to one of the largest and most successful hedge funds in the world.
Source: Wikipedia

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