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2016-06-25T00:00:00.000Z

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Background Information

Employment History

Insider Monkey

Tenneco Inc

National CineMedia LLC

Citi

Hedge Fund Manager

Harvard University

Affiliations

Member
The Economic Club of Chicago

Board Member
The Chicago Public Education Fund

Member of the Board of Trustees
Museum of Contemporary Art

Member of the Board of Trustees
Art Institute of Chicago

Board of Trustees
Whitney Museum of American Art

Board Member
University of Chicago

Member of the Boards of Trustees
Chicago Symphony Orchestra

Advisory Board Member
Eurasia Group

Member
Fourth Presbyterian Church of Chicago

Member
G100

Member
World Economic Forum

Member of the Civic Committee
Commercial Club of Chicago

Member
Committee on Capital Markets Regulation

Founder
The Hedge Fund Marketing Alliance

Exploratory Committee
Rauner Inc

Board Member
Latest News

Member of the Finance and Risk Oversight Committee
Ernstrade

Member
Association for Investment Management and Securities

Member of the Finance and Risk Oversight Committee
Forex Ratings

Board Member
Boards of Trustees of The Art Institute of Chicago

Founder
Citadel Securities LLC

Founder
STREETOFWALLS

Founder
SAC Capital Advisors LLC

Board Member
TRADE

Board of Governors Member
Severn River Yacht Club

Founder
Griffin Early Childhood Center

Member of the Finance and Risk Oversight Committee
FX-Reviews.com

Education



Boca Raton Community High School



Boca Raton High School



Harvard

B.A.
Economics
Harvard University

Bachelor's degree
economics
Harvard

bachelor's degree
Economics
Harvard College

degree
economics

degree
economics
Harvard University

degree of risk tolerance.

diploma
economics
Harvard

economics degree

Harvard

undergraduate degree
Economics

university degree

Web References (187 Total References)


US | Rothman Research

www.rothmanresearch.com [cached]

Kenneth Griffin: Famous Financial Executive

...
Kenneth Griffin is a Chicago-based hedge fund manager. He is a native of Florida, where he attended Boca Raton High School. After graduating from there, he went on to attend Harvard University. While Griffin was still a student at Harvard, he started two investment funds that he ran out of his dorm room. When he was between classes, Griffin would hurry back to his dorm room in order to make trades.
Griffin started these hedge funds with money he got from his grandmother. Using the $265,000 he received in startup funds from his grandmother, he profited tremendously by shorting the stock market during the crash of 1987. He went on to make more wise investments during his last few years at Harvard, and he graduated from there with a degree in economics in 1989.
First Major Foothold in the Financial World
After graduating from Harvard, Griffin was able to gain the notice of a wealthy investor named Frank Meyer, who was the founder of the investment firm Glenwood Capital.
...
Griffin made the most of his opportunity with Meyer.
...
Because of this, Griffin's hedge funds were soon overrun with people who wanted to invest in them.
Formation of Citadel
With all of this new money flowing in, Griffin took the opportunity to form Citadel LLC on November 1, 1990. The initial money that Griffin had to work with was $4.2 million. Griffin has stated that he chose the name "Citadel" to reflect the fact that his funds would be a place of strength during times of economic adversity.
Griffin did very well with Citadel, and he quickly made piles of money for himself and his investors. The initial value of $4.2 million for Citadel has grown today to a staggering $24 billion. Griffin's net worth today is estimated to be $5.5 billion.
Philanthropic Efforts
Griffin is known to be one of the best investors in the world, but he is also well known for his charitable efforts. He is a major supporter of education. As well as the many donations he makes to educational charities, Griffin also sits on the Board of Directors for the Chicago Public Education Fund.
He is also a leading patron of the arts. Griffin sits on the Board of Trustees for the Museum of Contemporary Arts as well as the Art Institute of Chicago.
Political Activity
Griffin is also an active supporter of political causes. He terms himself a "Reagan Republican," and he has made generous donations to several Republican running for national office. However, he has also donated money to several Democrats in the state of Illinois.


Bakuc | Bakuc | Page 3

www.bakuc.com [cached]

Achievements Made at Citadel LLC Courtesy of the Prudent Stewardship from Kenneth Griffin

Citadel was founded in 1990 with $4.6 million. Within a short span, Citadel had grown to a team of more than 100 employees. The corporation was in possession of $1 billion in investment capital. In March 2015, Citadel got a Top 10 Great Workplaces in Financial Services positioning by the Great Places to Work Institute, which depended on an overview taken by Citadel representatives. Griffin was credited for executing on valuewalk.com a shared work culture and rewarding employees.
...
Born in Daytona Beach, Florida in 1968, Ken Griffin started investing while undertaking his undergraduate degree from the Harvard University. He graduated with a degree in economics. Armed with knowledge in hedge funding, Griffin believed that he could provide the market with innovative products that could give investors a portfolio through which they could enhance their income. He started his business from his university dormitory. Griffin is a philanthropist who has donated about $500 million in support of various causes that includes tens of millions to various institutions in Chicago. Griffins together with the Bill and Melinda Gates Foundation funded and supported the opening of a new charter school in Chicago known as the Wood lawn High School.
CEO Profiles
Citadel CEO Kenneth Griffin Still Making Strides
Citadel LLC is one of the largest financial institutes in the world. Founded by hedge fund guru and businessman Kenneth Griffin in 1990, the company is worth an estimated $25 billion and handles billion of dollars in global assets. Citadel has weathered a few storms over the years.
...
Under the leadership of founder Ken Griffin, Citadel has seen a great deal of success. Griffin got his start in the world of investment and finance at a young age. While attending Harvard University in his sophomore year, he was already selling stocks. By the time he graduated, he had earned an estimated $1 million. Griffin wasted no time and quickly opened Citadel in 1990. The company, which was started with donations from friends and clients, made Griffin a millionaire in short order. Within six years of the company's opening, Griffin had investment capital of about $1 billion.
Griffin is one of the richest hedge funding gurus in the world. He has made the Forbes list in a variety of areas including richest entrepreneur to make $1 billion. He gives generously to a many philanthropic organizations to help underprivileged and poor. He was recently honored for his donation to his alma mater, Harvard, for giving them an endowment of $150 million. The money is to be used to help students who have little to no financial means. The money pays for books, housing, tuition and anything educated-related. The financial aid office was renamed in Griffin's honor.
Although Griffin has not revealed his political leanings, he has given generously to many political candidates including Bruce Rahmer, Rahm Emanuel, Eric Cantor and Mitt Romney. "I am more interested in their platform than they party itself," says Griffin. He went on to say he is very interested in helping the "little guy" achieve the same succes as he.


Bakuc | Gaming Our Way to Fame | Page 4

www.bakuc.com [cached]

Ken Griffin began his career as a hedge fund manager in his days as a college student at Harvard University. At Harvard, where his desire and affinity for the investment world came into fruition, Ken Griffin asked his friends and family for a little bit of startup money so that he could build his own hedge fund and play the stock market in his dorm room. With the $200,000 in capital that he receives from his friends and family, he was able to invest a liberal amount of capital into different markets and test out different strategies in order to ensure that the strategies he was using were on par with those that the pros use. He quickly gained his feet in the world of investing and made his friends and family quite a large sum of money.

Eventually, he decided that it was only right for him to reach out to different investors. When the Frank C. Meyer, an investor and founder of Glenwood Capital LLC saw his portfolio and what he had accomplished with just $200,000, he was floored. He offered Ken Griffin $1 million to invest his money on a trial basis. He returned his money with a 70% increase in months, leading Frank C. Meyer to fully trust Griffin, therefore leading his career in a direction that would eventually allow him to become one of the world's greatest hedge fund managers.
Eventually, Griffin decided to start his own business. He had worked and made lots of money as a hedge fund manager on an unofficial basis, yet, he did not have his own business to work from and gather employees with. He did not have a brand. So he built Citadel and quickly grew it from being just another small, boutique firm. Eventually, after years of handling and investing money that was given to his fund prudently and shrewdly, he acquired $1 billion in capital to invest, within just a period of eight years. When he first started Citadel, the only had $1 million to invest.
Eventually, after years and years of investing, he was recognized by Forbes Magazine as one of the 400 wealthiest entrepreneurs in the United States. This was quite an accomplishment for the young hedge fund manager and the PR that he received from the article caused a frenzy of investors to contribute to his fund, making Citadel one of the largest hedge funds in the world.
It all started from a dorm room with a fax machine, a computer, and a satellite dish and he eventually evolved to having $1 billion of investable capital and 100 employees. He built himself the American dream and no one can fault him for the successes that he has created because he put everything into growing his operation to the substantial level that it resides today.
Aside from investing large amounts of capital from investors all over the world into businesses that he strongly believes in, he also has made a name for himself as quite the well-seasoned philanthropist. His work with the Bill and Melinda Gates Foundation has been absolutely staggering. He is also a board member at the Art Institute of Chicago as well as several museums including the Museum of Contemporary Art and Whitney Museum of American Art.


Bakuc | Gaming Our Way to Fame | Page 3

www.bakuc.com [cached]

Achievements Made at Citadel LLC Courtesy of the Prudent Stewardship from Kenneth Griffin

Citadel was founded in 1990 with $4.6 million. Within a short span, Citadel had grown to a team of more than 100 employees. The corporation was in possession of $1 billion in investment capital. In March 2015, Citadel got a Top 10 Great Workplaces in Financial Services positioning by the Great Places to Work Institute, which depended on an overview taken by Citadel representatives. Griffin was credited for executing on valuewalk.com a shared work culture and rewarding employees.
...
Born in Daytona Beach, Florida in 1968, Ken Griffin started investing while undertaking his undergraduate degree from the Harvard University. He graduated with a degree in economics. Armed with knowledge in hedge funding, Griffin believed that he could provide the market with innovative products that could give investors a portfolio through which they could enhance their income. He started his business from his university dormitory. Griffin is a philanthropist who has donated about $500 million in support of various causes that includes tens of millions to various institutions in Chicago. Griffins together with the Bill and Melinda Gates Foundation funded and supported the opening of a new charter school in Chicago known as the Wood lawn High School.
CEO Profiles
Citadel CEO Kenneth Griffin Still Making Strides
Citadel LLC is one of the largest financial institutes in the world. Founded by hedge fund guru and businessman Kenneth Griffin in 1990, the company is worth an estimated $25 billion and handles billion of dollars in global assets. Citadel has weathered a few storms over the years.
...
Under the leadership of founder Ken Griffin, Citadel has seen a great deal of success. Griffin got his start in the world of investment and finance at a young age. While attending Harvard University in his sophomore year, he was already selling stocks. By the time he graduated, he had earned an estimated $1 million. Griffin wasted no time and quickly opened Citadel in 1990. The company, which was started with donations from friends and clients, made Griffin a millionaire in short order. Within six years of the company's opening, Griffin had investment capital of about $1 billion.
Griffin is one of the richest hedge funding gurus in the world. He has made the Forbes list in a variety of areas including richest entrepreneur to make $1 billion. He gives generously to a many philanthropic organizations to help underprivileged and poor. He was recently honored for his donation to his alma mater, Harvard, for giving them an endowment of $150 million. The money is to be used to help students who have little to no financial means. The money pays for books, housing, tuition and anything educated-related. The financial aid office was renamed in Griffin's honor.
Although Griffin has not revealed his political leanings, he has given generously to many political candidates including Bruce Rahmer, Rahm Emanuel, Eric Cantor and Mitt Romney. "I am more interested in their platform than they party itself," says Griffin. He went on to say he is very interested in helping the "little guy" achieve the same succes as he.


Operational Due Diligence

www.checkfundmanager.net [cached]

April 2014 Hedge Fund Oracle post entitled "Forbes’ 20 Highest-earning Hedge Fund Managers and Traders" in which Mr. Griffin is ranked #8

April 2014 Bloomberg article entitled "Citadel Fund Said to Quadruple With High-Frequency Trades"
February 2014 MarketWatch article entitled "Citadel hedge fund’s recent moves"
February 2014 Reuters article entitled "Hedge fund manager Griffin gives $150 million to Harvard"
...
In October 2009 Mr. Griffin was named to the Forbes 400. This profile reported that Citadel’s flagship fund dropped 54% in 2008, but had rebounded 55% since January 2009. While assets under management exceeded $20 billion in the fall of 2008, he now manages $13.5 billion.
...
Kenneth Griffin was named to the company’s board in June 2009.
In August 2009 Citadel Investment Group sent a letter to investors said it will be returning $250 million to investors who had asked to redeem from its flagship fund last year but who were locked in when the firm suspended redemptions on December 13. The distribution is expected by October 1. A similar distribution is expected by year-end.
In June 2009 Kenneth Griffin testified to the Senate Banking Committee, proposing segregated margin payments, price transparency and capital requirements for banks, hedge funds and other market users. If clients’ margins are not segregated, customer funds could be lost in a dealer default, Griffin fears. This view is in line with regulators as they wish to protect investors in OTC derivatives trading. Griffin maintains that banks and other financial institutions �earn extraordinary profits from the lack of transparency in the marketplace and from the privileged role they play as credit intermediaries in almost all transactions.�
In March 2009 American International Group has disclosed that Citadel Investment Group and Paloma Securities were two of the beneficiaries of the $106 billion of government bailout funds to banks, institutions and states. Citadel and Paloma received $200 million each.
A January 2009 New York Times article profiled Kenneth Griffin, http://www.nytimes.com/2009/01/18/business/18hedge.html.
...
Ken Griffin, founder of the firm who signed the letter, said he hopes to resume redemptions as early as March 31, 2009.
...
In November 2008, Ken Griffin testified before the House of Representatives Committee on Oversight and Government Reform, in a hearing on hedge funds and the financial market. A video of this testimony can be found at http://video.nytimes.com/video/2008/11/13/business/1194832813992/testimony-of-kenneth-c-griffin.html.
...
Kenneth Griffin, head of Citadel, said in a letter to investors that September 2008 was the "single worst month, by far, in the history of Citadel."
In September 2008 Fluor Corp., the largest publicly traded U.S. engineering firm, was sued by investor Citadel Equity Fund Ltd., which claims it was shortchanged by $28.2 million worth of stock after converting a 2004 issue of senior notes.
In 2008, Forbes ranked Mr. Griffin the 97th richest American, with an estimated wealth of $3.7 billion.
...
In January 2007 Rush Simonson, who had filed a lawsuit against Kenneth Griffin of Citadel in June 2006, abruptly dropped the lawsuit last week and apologized.
...
Simonson wrote in a letter to Griffin, “As you know, I have received no compensation or consideration for withdrawing the complaint and moving to dismiss my lawsuit…I have reached the conclusion that doing so is the right thing to do.�
...
In October of 2006, Kenneth Griffin and his wife Anne Griffin donated $19 million to the Art Institute of Chicago.
...
In October of 2006, Kenneth C. Griffin purchased “False Start,� a Jasper Johns painting for $80 million.
...
Yet after some success, Griffin “devised and implemented a self-serving plan to fraudulently force the dissolutions of their business relationship, misappropriate the convertible arbitrage strategy developed and honed by Simonson and Griffin for use in his own financial ventures.�
...
Yet after some success, Griffin “devised and implemented a self-serving plan to fraudulently force the dissolutions of their business relationship, misappropriate the convertible arbitrage strategy developed and honed by Simonson and Griffin for use in his own financial ventures.�
...
In September of 2005, Third Point hedge fund manager, Daniel Loeb sent an e-mail to Kenneth Griffin.
...
The e-mail criticized recent hiring of a Greenlight employee by Griffin and warned Griffin against approaching Third Point employees.
In September of 2005, it was reported that Citadel and Ritchie Capital were both hurt by Hurricane Katrina damage. Losses came from investments in energy and reinsurance companies. They are the largest investor in CIG Reinsurance.
In May of 2005, Kenneth Griffin was considering taking his hedge fund company (Citadel) public.
In November of 2004, it was reported that Citadel was buying up large amounts of Google Inc. stock.
In 2003, Kenneth Griffin, of Citadel Investments, was the eighth highest earner among hedge fund managers. He earned an estimated $230 million.
...
Kenneth Griffin began trading as a freshman at Harvard in 1986. He traded stock options out of his dorm room. By his senior year he was managing $1 million in investors’ money using the same strategy.
Citadel employs 72 Ph.D.s, including former mathematics professors and astrophysicists. Ken Griffin can write computer code and pricing models for convertible bonds and mortgage-backed securities.
Kenneth Griffin was divorced and re-married.
...
Mr. Griffin is a member of the Boards of Trustees of The Art Institute of Chicago, the Museum of Contemporary Art and the Chicago Symphony Orchestra Association. He also serves as a Director of The Chicago Public Education Fund and is a member of The Chicago Public Library Foundation Investment Committee and the Harvard Financial Aid Task Force.
A number of additional personal and professional details about Mr. Griffin and Citadel Investment Group can be found on their Wikipedia pages, http://en.wikipedia.org/wiki/Kenneth_C._Griffin and http://en.wikipedia.org/wiki/Citadel_Investment_Group.
...
Hedge-fund manager Daniel Loeb in September (2005) sent an angry open letter to Citadel CEO and founder Ken Griffin.
...
A an article dated 11.13.2008 writes, “George Soros of Soros Fund Management, John Paulson of Paulson & Co, Ken Griffin of Citadel Capital, James Simon of Renaissance Technologies and Phil Falcone of Harbinger Capital are testifying today at the House Committee on Oversight and Government Reform hearings.

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