Hints and tips:
...In this deep dive, my colleague Laurence Fletcher explores how Citadel has built its remarkable moneymaking machine....
...Citadel’s performance last year has also helped Griffin surpass Bridgewater Associates founder Ray Dalio as the most successful hedge fund manager of all time on LCH Investments’ list of top money managers...
...The Citadel hedge fund tycoon alleges IRS employees were able to “misappropriate” confidential tax information and leak it because of a lack of safeguards at the government agency....
...Billionaire Ken Griffin’s market maker Citadel Securities (not to be confused with his $43bn hedge fund Citadel) sold a $1.2bn stake to venture capital firms Sequoia and Paradigm in January....
...The success of some multi-manager platforms, such as Millennium and Citadel, has enabled them to command higher fee structures which include the pass-through costs....
...Ray Dalio’s succession planning Bridgewater Associates, the world’s largest hedge fund, is as well known for its eccentric culture as it is for its impressive long-term record....
...Citadel declined to comment....
...As to whether Citadel Securities, the trading company owned by Ken Griffin that acts as one of Robinhood’s intermediaries, could’ve had anything to do with the NSCC’s decision, Tenev waved away the idea...
...Big names like Ken Griffin’s Citadel saw its Wellington Fund rise 19.4 per cent last year, trumping rival Steve Cohen’s Point72 Asset Management, which was up 16 per cent....
...Bridgewater Associates’ Pure Alpha returned 14.6 per cent to investors net of fees, its best performance in five years, while DE Shaw’s $14bn Composite fund gained 11.2 per cent, according to people familiar...
...1994-97 associate, finance and accounting 1997-2003 global controller 2003-08 chief financial officer 2008-present chief operating officer “The principals and employees of Citadel are the largest investor...
...Citadel’s Ken Griffin came in third with $1.4bn, also more than double the $600m he made the previous year, while Ray Dalio of Bridgewater Associates dropped from second place to fifth with $1.3bn....
...Citadel Securities is also a prominent ETF market maker....
...Bloomberg and Tradeweb each handle roughly half of the market for dealer to client electronic Treasury trades, according to Greenwich Associates....
...The small group of ex-CIA agents put 40 Jupiter employees through training exercises to help them identify when business associates are lying, or when clients are uncomfortable....
...Citadel, the Chicago hedge fund, compared code to a secret recipe....
...Yoon Ng, Asia director at Cerulli Associates, the asset management research group, agrees that “interest in foreign hedge funds seems muted”....
...Mr Ubben in particular has a problem with Mr Ackman — “Jeff can’t stand Bill,” says one associate....
...Ken Griffin, the founder of the Chicago-based Citadel hedge fund that recently hired former US Federal Reserve chairman Ben Bernanke as an adviser, came top of the list for 2014, taking home $1.3bn, according...
...These wholesalers, the largest of which are electronic market makers such as Citadel and KCG, often pay stockbrokers to win their trading business....
...Some operate on a crossing basis, matching a seller looking to offload a bond with a buyer seeking that exact security....
...Examples abound in most urban environments, from misplaced road crossings that cause pedestrians to dash out into the traffic to footworn dirt paths scuffed across pristine grass....
...Research from Birinyi Associates showed that in the past week 73 companies hit their highest levels to date....
...“Yes we need to switch off the machine if it is misfiring, but kill switches are not a panacea,” said James Angel, associate professor at Georgetown University, adding that during the flash crash many price...
...“The move to regulate OTFs is a huge shift as it will put a wide range of broker crossing systems under the spotlight and significantly extend the scope of Mifid over certain financial transactions....
International Edition