Ken Griffin is a hedge fund executive in the US. He is the founder and the president of Citadel, an international investment company. Citadel is one of the biggest alternative investment administration companies with an estimation 25 billion US dollars in investment capital as of march 2015. A hedge fund in Citadel is ranked among the largest and most thriving hedge funds worldwide. Forbes recognized Griffin as the highest earning hedge fund executives and also one of the Forbes 400.
Griffin had an approximated net value of 6.6 billion US dollars in May 2015. At the start of 2014, Griffin donated 150 million US dollars to the financial support program on citadel.com at the University of Harvard. The donation was the largest single contribution ever made to the university at a time. The donations of Griffin to different organization and causes have summed to cross to 500 million US dollars.
Kenneth was born in 1968 in Florida. In 1986, he began to invest in his first year at Harvard University following an article he read from Forbes magazine that encouraged him. When he was a second-year student, he started a hedge fund that concentrated on convertible bond arbitrage. The capital used for this project came from friends and family members, and it included funds from his grandmother. He mounted a satellite connection to his room to get real-time market information. The investment policies assisted in preserving capital during the stock market crash of 1987. The early achievements of Griffin allowed him to start another hedge fund, and in the two funds he was controlling just above 1 million US dollars. Griffin completed his studies at Harvard and graduated with a degree in economics.
After his graduation, investor, and founder of Glenwood Capital LLC, Frank Meyer, gave Griffin 1 million US dollars to invest. Griffin surpassed the expectations of Meyer and according to New York Times; Meyer made a 70 percent income from the investment.
Citadel was established in 1990 by Griffin with 4.6 million US dollars. By 1998, the company had developed into a group of over 100 workers and an investment capital of 1 billion US dollars. In June 2002, Griffin was incorporated in Global 100 of CFO magazine, a listing of the most influential individuals in the world of finance.
After almost 20 years in the business, Griffin has appeared many times in Forbes 400 as the Chief Executive Officer of Citadel. He first appeared in Forbes 400 in 2003, with approximated net value of 650 million US dollars. In September 2004, Fortune Magazine categorized him as wealthiest American under forty in the category of self-made. He was position eight.
In March 2015, citadel obtained a top to good offices in financial services ranking by Great Places to WORK Institute based on research done by Citadel workers. Griffin was recognized for putting into practice a collaborative work ethnicity and offering perks to workers such as museum tours, personal gifts, and free lunch and fitness programs.
Griffin was one of the panelists at the 2015 Milken institute global conference where he talked about Citadel, developing a complex organization by investing in workers and corporate activism.