The Wall Street Journal has an excellent write up on Citadel and the hedge fund`s boss, Ken Griffin.The fund survived the 2008 crisis after disastrous losses and is now expanding aggressively. Ken Griffin said it took him some 3 years to make back the losses.
Ben Bernanke, the former Federal Reserve Chair is a part-time consultant in the hedge fund.
Other interesting bits about his hedge fund include:
- The leverage ratio is 7:1. For every $1 invested by customers, Citadel borrows $7.
- An ex-Amazon employee with a machine learning background was hired as the mathematical techniques have applicability in financial markets.
The interview with Ken Griffin can be found here.
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