Citadel LLC
The investment strategies of Citadel, which are run by billionaire Ken Griffin, fall into five categories: stocks, fixed income and macro, commodities, credit, and global quantitative strategies. One standout aspect of Citadel is the company's strong emphasis on risk management as a fundamental subject. A specialized "risk-management center" runs stress tests to assess the potential effects of trades on their portfolios. Citadel Wellington, the company's flagship fund, has increased an astounding 30.7% year to date as of the end of October.
The hedge fund is also well-known for its charitable endeavors, which have included contributions of $40 million to The Asian American Foundation in May 2021, a partnership with Thrive Scholars in October 2021 to offer opportunities to minority students from low-income communities, and funding for Schoolhouse.world in November to increase access to online tutoring for students all over the world. Ken Griffin also just relocated Citadel's corporate offices from Chicago to Miami, citing worries about an uptick in crime and unrest.
Year of establishment: 1990
Founders: Kenneth Griffin
Headquarters: Southeast Financial Center, Miami, Florida, U.S.
Revenue: $953 million (2021)
AUM: $52.9 billion (2022)
Website: https://www.citadel.com/
