(Chicago Business) Citadel CEO Ken Griffin says he’s having second thoughts about moving the hedge fund firm’s headquarters to New York from Chicago, but Citadel’s center of gravity already is shifting toward the center of global finance. Citadel, which Griffin founded in Chicago almost three decades ago, has more than twice as many investment professionals in New York as in its hometown. And the firm recently renewed its Chicago office lease without adding space, while inking a deal to enlarge its New York office dramatically.
With $29 billion under management, Citadel is by far Chicago’s biggest hedge fund firm, and its success in recent years has given the city and a clutch of smaller firms more prominence in the highly competitive, $3.1 trillion industry.
