Ken Griffin on insidermonkey is a Forbes List rated global trader. He is one of the most successful traders of our time. His secretive strategies and drive for success have led to his billionaire status. Beginning small in college, Griffin grew his business through word of mouth and trust of his clients.
Griffin is currently the CEO of Citadel LLC, which is a hedge fund firm. Citadel performs extremely well in the market and continues to be profitable. While some other hedge funds have suffered in recent years, Citadel has been able to fly through the tumultuous market and not hurt any of their clients’ returns on investments.
Griffin began his trading career on businessinsider.com in the 1980s while attending Harvard. He worked out of his dorm room with a small capital fund and a big dream. He did this by trading stock options and beginning a arbitrage fund. Griffin found success in his small business when the stock market crashed in the late 1980s. Spending most of his time at Harvard working on his trading business ended up strongly benefiting Griffin, as it led to his successful career. Griffin founded Citadel in 1990, with only $4 million, which has now turned into a $26 billion business.
Today, Griffin stays ahead by continuing to evaluate the market and study models. Griffin tells people that some of his focuses on trades only last a short period of time, while others last over a year. He is a believer that any inconsistencies in the market tend to wash themselves out.
They currently account for about 1% of all of the trading activity performed in London, New York, and Tokyo every day. Although Citadel is based in Chicago, it has a worldwide impact.
Griffin has characterized his business by his signature strong application of various rigorous quantitative trading methods, as well as technology. Citadel uses 15 different strategies to achieve their success.
Recently, Forbes released its yearly ranking of the 400 wealthiest people in the U.S. Griffin came in at number 89, rising from number 103 from the previous year. Griffin has a net worth of five and a half billion dollars. Griffin is an active political donor, who in 2014 broke a record by writing a two and a half million dollar check to help Bruce Rauner defeat Pat Quinn in an election.
Additionally, Griffin has been very generous to his alma mater, Harvard. He recently donated $150 million to help students with their financial aid.