Ken Griffin – Billionaire

Ken Griffin’s Citadel bounded back after a rough start to 2016 when its main hedge fund lost money. By the end of 2016 Citadel had rebounded and its main hedge fund had returned about 5% net of fees. Its Global Fixed Income hedge fund returned about 12% in 2016. Griffin’s Chicago-based hedge fund firm now manages $26 billion. It has been around for 26 years and its main multi-strategy fund has posted annualized net returns of 19% since inception. Griffin’s Citadel Securities market-making business has also performed well, executing some 20% of consolidated volume in equities in the U.S. Griffin has made about $500 million in philanthropic contributions, including a $12 million donation in 2016 to repair Chicago’s 18-mile iconic Lakefront trail. He has also given $150 million to Harvard to provide scholarships to hundreds of students per year.

Griffin is CEO of Citadel, a hedge fund with $30 billion in assets under management. The Chicago-based company has five core strategies in fixed income and macro, quantitative strategies, commodities, equities and credit. He also founded Citadel Securities, the New York Stock Exchange’s largest designated market maker.