Kenneth Griffin and His Contribution to Citadel
Kenneth Griffin is a hedge fund manager based in Chicago, Illinois, U.S. Mr. Ken Griffin is the Founder and CEO of Citadel. Citadel is among the largest alternative investment management firms globally, with an estimated $25 billion in investments as of March 2015. Mr. Griffin was born in 1968 in Florida. Mr Griffin started investing in 1986 as a freshman at Harvard University. In his second year, he started a hedge fund that focused on convertible bond arbitrage. The capital raised for the fund from friends and family was $265,000. After the success of the first fund, Mr Griffin launched the second fund, managing just over $1 million between the two funds. Griffin received his Degree in Economics in 1989 from Harvard University. Having left Harvard, Griffin was provided with $1 million by Frank C Meyer, the founder of Glenwood Capital LLC, to invest.
Citadel Group consists of Citadel, one of the leading alternative asset managers globally on citadel.com; Citadel Securities, a leading liquidity provider in the Capital Markets of America; and Citadel Technology, a provider of solutions for investment management technology. The firm’s hedge funds rank among the largest and most successful hedge funds globally. Mr. Griffin was identified in 2012 as one of the highest earning hedge fund managers and one of the Forbes 400. As of May 2015, Griffin was estimated to be worth $6 billion. Mr. Griffin is a big supporter of educational causes that lead to community improvement. In line with this is his service in the Chicago Public Education Fund’s Board of Directors. In 2014, Mr. Griffin made a donation of $150 million to Harvard University’s financial Aid Program, the single largest donation made to the institution. In recognition to this great and historic gift, the institution renamed its Financial Aid Office, in honor of honor of Ken Griffin ’89.
In the business community, Mr. Griffin serves in various organizations such as the Economic Club of Chicago, Civic Committee of the Commercial Club of Chicago and G100. He is also in active support of civic and cultural institutions in Chicago. Mr Griffin is also a member of the Board of Trustees for various institutions such as the University of Chicago, Art Institute of Chicago and the Museum of Contemporary Art.