(Chicago Breaking Business) Ken Griffin’s Citadel clients are a loyal bunch, sticking with him despite an investor exodus rattling the rest of the hedge fund industry. As rivals crumple on client withdrawals and slash fees to keep investors who are tired of mediocre returns, the Chicago firm is quietly defying industry trends.
The biggest hedge fund firm in the city has flagged only occasionally since nearly collapsing in 2008, coming back stronger than ever by driving Griffin’s billion-dollar wealth into top talent and the latest technology. Now, with $26 billion under management—the most ever in Citadel’s 27-year history—Griffin is limiting new investments rather than grappling with outflows.
