The File on Citadel’s Ken Griffin

He’s the billionaire founder of the Chicago-based hedge fund Citadel. He’s also a philanthropist, a political player, a benefactor of the arts—and a person with a penchant for privacy. So who exactly is Kenneth Cordele Griffin? We scoured public documents, financial records, and other sources to come up with the answer

(page 9 of 12)


Citadel Center

Citadel’s offices are at 131 South Dearborn Street in a 37-story building called the Citadel Center. The company employs 1,200 people, including many math and physics Ph.D.’s and several meteorologists.

Because it uses computerized trading algorithms, Citadel executes a large number of trades—approximately 8 percent of all trades on U.S. stock markets, as well as 30 percent of all U.S. trades of options, The New York Times reported in 2008. Hedge funds typically collect a flat 2 percent of what investors place with the fund and keep 20 percent of the gains. Citadel charges a higher management fee—in the past, as high as 8 percent—based on its higher operating costs.

Reports suggest that Griffin is not a natural manager. He’s known to frequently read books about management, hewing to the style of Jack Welch (the former General Electric CEO): having lunch with small groups of employees, for instance, and taking suggestions.


Photograph: Todd Urban



3 years ago
Posted by albanypark

What is the point of this article? Some outrageously rich guy and all of his possessions.What did he ever do to make the world a better place?

3 years ago
Posted by b3890004

albanypark, What is the point of your existence? What did you ever do to make the world a better place?

3 years ago
Posted by JenHen

OK, Bitter in Albany Park. Did you happen to actually read the article and take note of the charitable contributions that this man and his wife have made? Maybe you should look before you leap.

3 years ago
Posted by Nikos

I used to work at cig several years back and even had lunch with Mr Griffin. Tough place. But I learned a lot and was paid fairly. Very beneficial for my career. I admire Mr Griffin. The US needs more of his type. Very intelligent and hard driving and focused man. He works hard and is motivated and surrounds himself with like mnded people.

2 years ago
Posted by hoacele

For what it's worth, I know for a fact he entertains young women around the Chicagoland area and fly's them out to Aspen as prostitutes,

Submit your comment