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...Asked if he would support President Joe Biden or Trump, Griffin said he would get involved in congressional races and praised Pennsylvania GOP Senate candidate Dave McCormick, a former Bridgewater Associates...
...“The SEC is searching for a problem,” Griffin told us....
...Performance so far in 2023 has struggled to keep up with the past few years, and even Griffin acknowledges the purple patch cannot last for ever....
...Standout performers last year included Sir Christopher Hohn’s TCI, Ken Griffin’s Citadel and Andreas Halvorsen’s Viking....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...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...
...Citadel, which suffered badly in the 2008 financial crisis but has gone on to post returns well ahead of the S&P 500 and its peers, was last year able to put on risk when many other investors were running...
...HR positions are now more likely to be considered part of the “C-suite” than five years ago....
...The company, which is majority owned by billionaire Ken Griffin, forms a critical part of the plumbing of US financial markets....
...Among the biggest macro winners were Ken Griffin’s Citadel, which made 32.6 per cent in its fixed-income and macro fund, its best ever annual return, and Caxton Associates, whose Macro fund run by chief...
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Adam Abbas, the co-head of fixed income at Harris Associates, said markets were “effectively” closed for triple-C rated companies looking to raise debt, raising the spectre of “a natural default cycle”....
...It is a clearout that mirrors the CEO turnover after the 2008 financial crisis, according to Luke Meynell of executive search company Russell Reynolds Associates....
...S&P Global Ratings noted in December that Citadel Securities’ “complex systems and algorithms” created elevated operational risk, even if it has “strong risk-management capabilities”....
...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...
...this article: Job sharing is one route to gender equality in C-suite / From Mary McCarthy, Dublin, Ireland...
...The gains highlight how some of the industry’s biggest names were able to navigate last year’s volatility, in which the S&P 500 posted its fastest descent into a bear market....
...Ethan Ilzetzki, associate professor of economics at LSE: The UK will lag behind other developed economies in 2023....
...And you don’t hear much complaining when the industry does beat the S&P, as was the case in 2018....
...Mr Griffin has a reputation as an unforgiving boss and the firm has been plagued by high levels of staff turnover....
...Jennifer Ablan Ken Griffin Founder and chief executive of Citadel Ken Griffin built Citadel from a fund founded in his Harvard dorm room in 1990 into one of the largest and most successful hedge funds...
...Our last published fair value of 440p (29% upside) is equivalent to a P/TNAV multiple of 0.79x....
...The stock trades at 21x FY22E P/E. During the lockdown, we have seen major brands, i.e....
...London-based Caxton Associates has gained about 18 per cent this year while Brevan Howard is up about 6.8 per cent....
...By late May, healthcare stocks in the S&P 500 were up almost 6 per cent on the year, compared with a slight drop in the broader index....
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