All articles tagged with #citadel
Spirit Airlines remains in Chapter 11 as frontline workers have already sacrificed about $100 million in concessions; ALPA leaders are urging major bondholders—including Citadel—to fulfill funding commitments so the restructuring can proceed and Spirit can emerge as a going concern, warning that liquidation would devastate thousands of South Florida jobs and harm the regional economy and air travel competition.
Ken Griffin's Citadel hedge fund achieved a 10.2% gain in 2025, navigating a volatile market with sharp swings and a late-year rebound, while planning to return $5 billion to clients to limit asset growth, maintaining a strong long-term track record.
Citadel CEO Ken Griffin urges the White House to distance itself from the Federal Reserve amid concerns over monetary policy and its impact on markets.
Ken Griffin, founder of Citadel, is leveraging his wealth and influence to shape American society through philanthropy and public engagement, emphasizing values like innovation and meritocracy, while maintaining a nonpartisan stance despite significant political donations. His initiatives aim to bolster national pride, education, and community development, potentially positioning him for future political roles.
Florida has enacted a law allowing non-compete agreements of up to four years for high-earning employees with access to confidential information, benefiting companies like Citadel and attracting finance firms to the state, despite criticism from some think tanks.
Citadel's internship program emphasizes three key success factors for interns: being 'commercial' by understanding market relevance, collaborating effectively within teams, and practicing self-awareness for continuous improvement, which are introduced during the first week of the program.
Ken Griffin, founder of the $65 billion hedge fund Citadel, expressed openness to selling a minority stake in the firm in the future, as stated in an interview with Bloomberg at the Economic Club of New York.
Billionaire Ken Griffin has sold his unfinished penthouse at Chicago's No. 9 Walton for $19 million, incurring a 44% loss from his 2017 purchase price of $34 million. This sale is part of Griffin's broader exit from Chicago, following Citadel's headquarters move to Miami and other property sales. The significant markdown highlights struggles in Chicago's luxury real estate market, which Griffin attributes to poor city governance. Despite the losses, Griffin continues to invest in real estate in cities like New York and Miami.
Billionaire Ken Griffin's Citadel hedge fund significantly increased its stakes in AI-focused companies Palantir Technologies and Broadcom during the June-ended quarter, as revealed in its 13F filing. Citadel's interest in these companies aligns with the broader Wall Street enthusiasm for AI, which is expected to add substantial value to the global economy. Despite hedging its positions with options, Citadel's moves in these stocks are closely watched by investors.
Billionaire Ken Griffin's hedge fund, Citadel, has significantly increased its stakes in AI companies Palantir and Broadcom, while reducing its position in Nvidia, a leading AI stock. Citadel's moves, revealed in its quarterly 13F filing, show a 1,140% increase in Palantir and a 64% increase in Broadcom, while cutting 79% of its Nvidia shares. The decision to reduce Nvidia holdings may be due to concerns over potential market bubbles and increased competition, despite Nvidia's dominant market position in AI GPUs.
Ken Griffin's Citadel has sold nearly 80% of its Nvidia stake, amounting to $993 million, despite Nvidia's strong market position and future prospects in AI chip supply. This move, while raising questions, may simply reflect a strategic repositioning by Griffin, capitalizing on Nvidia's high stock prices. Nvidia continues to dominate the AI chip market, with significant future investments and demand for its upcoming Blackwell chips.
Citadel Securities and BlackRock are among investors backing the Texas Stock Exchange (TXSE), a new national stock exchange based in Dallas. The TXSE has raised $120 million and aims to start trading in 2025, positioning itself as a "more-CEO friendly" alternative to the NYSE and Nasdaq amidst rising regulations and compliance costs.
Citadel founder Ken Griffin, along with developers Vornado Realty Trust and Rudin, has filed plans with New York City for a 62-story office tower at 350 Park Ave, marking a significant step forward in their efforts to build a 1.8 million-square-foot skyscraper on Manhattan's Park Avenue.
Two years after moving its headquarters to Miami, Citadel and Citadel Securities are making the city a more attractive place for financial professionals, with employees enjoying activities and events, a changing financial landscape, and a focus on health and wellness. Employees are also benefiting from the city's climate, outdoor activities, and a less stressful lifestyle, although the city's car-dependent nature and traffic congestion pose challenges for some.
Citadel CEO Ken Griffin believes the Federal Reserve should proceed cautiously with interest rate cuts to combat persistent inflation, cautioning against a rapid shift back to higher rates. He pointed to ongoing government spending and deglobalization as significant inflationary forces, suggesting that the Fed may delay rate cuts until at least the summer. Despite a recent uptick in inflation, Fed officials have indicated potential rate cuts this year, with the next policy meeting scheduled in a week.