WEST PALM BEACH, FL (www.hedgeco.net) – The founder of Citadel Hedge Funds, Kenneth Griffin is said to be considering taking his $12 billion hedge fund into a different direction, as the search forreturns continues to pose a challenge to hedge fund managers.
According to Bloomberg Markets, Griffin is said to be considering the possibility of taking his hedge fund public. This may be the first U.S.Hedge Fund manager to go public. In a report titled, “The Secrets of Ken Griffin,” Griffin was credited for not only the success of his funds but also for his continuous effort to reinvent new strategies. The authors of the new report, Katherine Burton and Adam Levy, discussed some of Mr. Griffin�s trading philosophy that has enabled his hedge funds to achieve success in trading endeavors.
Citadel Investment Group started in super-trader Ken Griffin�s Harvard dorm room in 1987. According to company documents, the asset manager has become one of the world�s largest hedge funds, accounting for approximately 1% of all trading activity in New York, London, and Tokyo every day. Citadel currently manages nearly US $12 billion for a wide range of investors; the firm currently employs 15 separate strategies. The Bloomberg Markets Report for June will soon become available sometime in Mid May according to Bloomberg. Bloomberg is the leading global provider of data, news and analytics.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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