Citadel LLC is a global financial institution that was founded in 1990 by Ken Griffin. It is one of the world’s largest asset management companies with a portfolio of more than $26 billion in assets. It is the parent company to Citadel Securities that is a leading market maker specializing in trading products like equity options, equities, and interest rate swaps for both institutional and retail clients.
With its headquarters in Chicago, the company offers employment to over 1400 employees. For not less than 20 years, Citadel has managed assets for many of the world’s leading institutional investors spreading throughout North America, Asia, and Europe. It is ranked the eleventh largest hedge fund manager and the second largest multi-strategy hedge fund in the world as of May 2015. This company manages funds within five different investment strategies including credit, quantitative strategies, fixed incomes, commodities, and equities. This firm is recognized globally for its strong risk management culture, technology and state-of-the-art technology.
In 2014, Citadel made a big stride by becoming the first foreign hedge fund to have a successful yuan fundraising that allowed Chinese investors to make investments in overseas hedge funds. Citadel Securities was established in 2002 becoming a leading market maker by providing trade execution and liquidity to both institutional and retail clients. The company’s automation has been very instrumental in allowing better trading with tighter spreads and lower costs. Citadel Securities earned the best company rating from Barron’s for providing investors with price improvements when they trade in S&P 500 and non-S&P shares.
The company is held responsible for making markets in more than 7,000 U.S listed securities. It also makes markets for about 18,000 OTC securities globally. In the U.S alone, Citadel Securities executes about 20% of the listed equity options. Citadel Securities execute about 13% of the U.S consolidated volume in equities as well as 28% of U.S retail equities volume.
Citadel Technology is also a branch of Citadel LLC. It was established in 2009, and it offers investment technology management solutions to a broad range of funds and firms. The company partnered with REDI in 2013 to combine REDI’s execution management capabilities with its order management system.
Ken Griffin is the Chief Executive Officer and Founder of Citadel LLC. He graduated with a Bachelor’s Degree from Harvard University. He is deeply involved in philanthropic educational causes that are aimed at improving the community. He also sits on the Board of Directors of The Chicago Public Education Fund.
Mr. Griffin is also an avid supporter of his former university Harvard and has also contributed towards Lurie Children’s Hospital and the University of Chicago. He is an exemplary and successful individual who uses his hard-earned money and precious time to give back to society. He actively participates in Chicago’s civic and cultural institutions such as the Museum of Contemporary Art and the Chicago Art Institute.