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All You Need To Know About Citadel LLC

Citadel group is a leading financial institution that has three business segments. One of them is Citadel, a top alternative asset management firm. The other subdivision is Citadel Securities, one of the prominent liquidity providers in the capital markets in America. Lastly, there is Citadel Technology, a solutions supplier for investment management technology.

The institution began in 1990 by Ken Griffin with approximately $4 million. By March 2015, Citadel group was ranked among the biggest and highly successful hedge funds globally with roughly $25 billion in investment capitals. The company has over 1200 employees, and its headquarters are in Chicago. There are offices all over Asia, North America, and Europe.

Citadel is famous for its numerous remarkable investments and achievements over the years. Here are some of them.
• After a survey administered to its employees by the Great Places to Work Institute, Citadel appeared among the top 10 awesome workplaces in financial services.
• In 2006, the financial institution obtained vast portions of Amaranth Advisor’s energy portfolio. A year later, Citadel bought the whole portfolio of a competitor, Sowood Asset Management, after a weekend negotiation. The rival hedge fund had to liquidate their assets to attain margin calls before the market opening on Monday.
• In November 2007, Citadel gave an infusion of $2.5 billion to e*Trade Financial. In doing so, it took almost a 20% stake in the digital broker that was caught up in a home mortgage catastrophe.
• In the Hedge Fund Reviews Americas Award 2013, Citadel was honored as the best overall hedge fund group.

Other Activities
Citadel actively engages the community by providing learning opportunities. The company also aids kids and families with severe medical necessities. Moreover, the firm partners with food banks in the United States for a food drive. It also heads a business plan contest for the National Foundation for Teaching Entrepreneurship to mentor high school scholars with low income.

The president and founder this outstanding group of companies, Ken Griffin on insidermonkey, is one of the most reserved and successful traders worldwide.

Early Days – He attended Harvard University and during his freshman year, he started investing after reading an article in the Forbes magazine article. In his second year, he began a hedge fund that targeted convertible bond arbitrage. The fund kicked off with $265,000 from friends and family and he set up a satellite link to his dorm to obtain instantaneous market data.

Financial Achievements – In 2012, Forbes recognized Griffin as one of the top-earning hedge fund managers and listed him among the Forbes 400. His net worth by May 2015 was around $6.6 billion.

Donations – On the onset of 2014, Griffin bequeathed $150 million to the Harvard financial aid program. The contribution was the largest single one made to the University at the time. His hand-outs to different organizations and causes are about $500 million.

Citadel aims at delivering excellence and is under the management of some of the most skilled and forward-thinking minds in the trade. Top talent, an unrelenting focus on research, and an extraordinary capacity to convert investment ideas fuel the success of the company.

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