Citadel hedge fund tv#

'Unbelievable' just about sums up Ken Griffin, whose life seems to come straight from the pages of fiction, not the annals of high finance. Says Griffin: 'I can't believe they let me put it up.' That year saw the historic October crash, and he had $265,000 at risk. 'It was on the third floor, hanging outside his window,' says Chang. 'There were issues,' recalls Julian Chang, former senior tutor of Cabot.īut Griffin lobbied, and Cabot House decided that the fund, a Florida partnership, was an off-campus activity. Harvard forbids students from operating their own businesses on campus.

Why? Along with studying economics, he happened to be running an investment fund out of his third-floor dorm room in the ivy-covered turn-of-the-century Cabot House. It was the fall of 1987, and the Harvard College sophomore urgently needed up-to-the-minute stock quotes.

Citadel hedge fund tv#

Ken Griffin was desperate for a satellite dish, but unlike most 18-year-olds, he wasn't looking to get an unlimited selection of TV channels. His largesse supported programs for food donations during the pandemic.Quietly, in Chicago, Ken Griffin has built one of the world's biggest and most successful hedge funds while amassing one of the financial world's great fortunes. Griffin paid for the construction of 50 miniature soccer fields across the city and made it possible to separate bicyclists and runners along the Lakefront Trail. He supported the University of Chicago’s Crime Lab’s research into the cause of violence. There was no word from the museum on whether Griffin’s exit from Chicago affects that plan. With his $125 million donation in hand, the Museum of Science and Industry has said it will name itself after Griffin, although it has not implemented that change. Locally, evidence of his spending remains in other ways. The Wall Street Journal in 2020 said his various purchases totaled more than $1 billion. Several media outlets have reported on his habit of buying ultra-expensive homes in areas where Citadel has offices, including several properties on Miami’s Star Island. Griffin was born in Daytona Beach, Florida, and later moved to Boca Raton, closer to Miami. It’s also possible that Griffin will find the Sunshine State’s politics more to his liking. Florida has no state income tax, which will benefit any worker who chooses to relocate, but especially those with high salaries. Robberies, however, are up substantially in both areas, according to authorities.īut factors other than crime may be at play for Griffin.

So far this year, both jurisdictions have reported declines in the pace of murders. The medical examiner’s office for Miami-Dade County said there were 245 murders in 2021, while Chicago police reported more than 800. Miami-Dade County, with about 2.7 million people, is close to Chicago in population, but last year had fewer than one-third of the murders, records show. Public records on crime bolster Griffin’s argument about safety. We know Citadel will maintain a significant presence in Chicago and their story would not be possible without the great strengths of our city.” We thank the Citadel team for their contributions to our city and their many philanthropic commitments, particularly around education, arts and culture and public safety. Mayor Lori Lightfoot’s office said, “Citadel leadership has been signaling for some time an enhanced presence in Florida, and while this announcement is not surprising, it is still disappointing. She said, “Countless companies are choosing Illinois as their home, as we continue to lead the nation in corporate relocations and had a record number of business start-ups in the past year.” A spokeswoman for Pritzker, Emily Bittner, did not address Griffin’s departure directly.