[38], In 2022, Citadel's hedge fund unit posted its record year of revenues to date, generating about $28 billion in revenue. This is a BETA experience. [9], In 2007, Citadel invested $2.5 billion in E-Trade. How much do portfolio managers make at Citadel? File the Articles of Incorporation for the Hedge Fund Firm. "We're not sort of in we're. As a fund of funds, LCH Investments was able to estimate the gains by these industry giants from its own investing activity. The company has approximately 1,500 workers in New York and approximately 4,000 workers globally. According to LCH data, the top 20 hedge funds churned $22.4 billion in profit after fees. Since its founding in 1975, Bridgewater has returned $52.2 billion in gains to its investors more than any other hedge fund on the planet. As the founder and CEO of Citadel, how much is Ken Griffin's net worth? [33] Citadel ranks as the eleventh largest hedge fund manager in the world,[34] and in 2006 the second largest multi-strategy hedge fund globally. $ 53B Investment capital as of January 1, 2023 Investment capital is combined across funds and includes equity (or members' capital), plus any accrued performance allocation (or manager allocation) and accrued deferred payment obligations (where applicable). The University of Chicago honored Griffin for his large donation by renaming the department the Kenneth C. Griffin Department of Economics. 40. Forbes estimates that Griffin has given $1.5 billion to philanthropic causes. What happens when no more shares to short? What is the difference between Citadel and Citadel Securities? The $16 billion profit that Citadel netted for its investors surpasses the $15.6 billion bet made by John Paulson against subprime mortgages back in 2007. Griffin generated headlines last year when he announced that Citadel would relocate its headquarters from Chicago to his native South Florida. What does E-Trade charge for penny stocks? How much working capital do I need when buying a business? [60] In the aftermath of the 2008 financial crisis, Griffin and Citadel called for greater transparency in derivatives trading, a stance at odds with many other hedge funds and major financial firms. The stellar year for Citadels flagship fund followed a 26% return in 2021 and decades of strong performance$1 million invested in Wellington at inception in 1990 would be worth $328 million today, compared with $23 million if it were invested in the S&P 500 Index. "[62] Griffin expanded by saying that high-frequency trading functions to reconcile discrepancies between options tied to groups of stocks and the stocks themselves, saying, "Somebody has to keep the New York markets in line with the markets in Chicago. Hedge Fund Market size is projected to reach Multimillion USD by 2029, In . Can I use my wife bank account for Zerodha? Anviksha Patel is a London-based reporter for MarketWatch, where she covers hedge funds and short sellers. Looking for stock dividends of 9% to 11%? To participate in a hedge fund, one must invest a significant amount of money. What is the average return of a hedge fund? Griffin explained that when making a hire he wanted to bring on the "best and brightest in markets.". 22. The Richest Person In Americas 50 Largest Cities, Friday, March 3. Hedge funds are investment funds geared towards high net worth individuals, institutions, foundations, and pension plans, They can be very risky and charge high fees, but they have the potential to deliver outsized returns. For market maker, see, Rose-Smith, Imogen (2006 2006). The University of Chicago renamed its economics department after Griffin in 2017 after he donated $150 million. The big picture: Some hedge funds are sure to beat the index in any given year. Overall, the top 20 managers made $22.4 billion net of fees for their investors in 2022 and have made $691.6 billion net of fees for their investors since inception. Banks are very cautious when it comes to those trading on behalf of others or managing investments without a license. A hedge fund uses a range of investment techniques and invests in a wide array of assets to generate a higher return for a given level of risk than what's expected of normal investments. Are small businesses vulnerable to cyber attacks? LCH Investments is the worlds oldest fund of hedge funds, returning 9.9% annually since its inception in 1969. So you want to leave university/college and work for a hedge fund? Investing in hedge funds is one way high-net-worth individuals can grow their wealth. Do you need a Series 7 to start a hedge fund? On this Wikipedia the language links are at the top of the page across from the article title. A fund of funds, LCH Investments, estimates that Citadel made the largest-ever annual profit for a hedge fund in 2022, according to MarketWatch. Keep Reading . Equity long/short managers, especially those who had been running net long and with a growth bias, generally performed poorly, with some performing even worse than market indices, Sopher says. The LCH report cites data from research firm eVestment that hedge funds as a whole lost $208 billion last year and finished the year with $3.3 trillion in assets under management. Expose your investors to the crypto market to maximize profits. And investment data from Preqin also indicated that, in the first three quarters of 2022, global hedge funds fell 4.8% and recorded an outflow of nearly $110 billion. [44][45][42] In 2006, Citadel's two funds had approximately 10 percent of its assets invested in reinsurance. Griffin called dismantling that law "one of the biggest fiascos of all time". A total of 15 hedge fund managers made $1 billion or more, compared with only eight in 2019. [37], In 2021, Citadel ranked second among the top money managers for net gains. The owner of Citadel is Kenneth Cc. At the end of the fourth quarter of 2022, 16 hedge funds reported having stakes in UBS Group AG (NYSE:UBS), according to Insider Monkey's database of 943 hedge funds' holdings. When breaking down everything that can go wrong, operations makes its case for number one. The average salary for a Trader is $84,873 per year in United States, which is 38% lower than the average Citadel salary of $138,330 per year for this job. He opened a brokerage with money from various sources and launched his first fund in 1987 at age 19. "[21] In January 2020, Citadel Securities paid a $97 million settlement to China, after Chinese regulators ended a long-standing investigation into Citadel and other companies. In case it is a private partnership, your investors will be your limited partners. Source: LCH Investment NV estimates, Top Hedge Fund Managers by Net Gains Since Inception as of 12/31/2022. 7. How much money do I need to invest in a hedge fund? How do I start investing for beginners? 8. [40], Citadel manages funds across five different investment strategies including equities, commodities, fixed income, quantitative strategies, and credit. Here, youll be energized by the people around you. | Scam Adviser Reports, (Video) Outlook On Hedge Fund Industry - Kevin, Citadel Public Equities & Goldman Investment Banking. [41], Citadel wanted to allocate the investment capital with its two funds, Kensington Global Strategies Fund Ltd and Citadel Wellington LLC, to investments that the company thought to be uncorrelated to their other investment strategies. Ken Griffin's Citadel raked in $16 billion in 2022, marking the best year for any hedge fund in history. Citadel mints billions more every year from its market-making business, Citadel Securities, and Forbes estimates Griffins net worth has doubled in the last two years to $32 billion. Their progress up the rankings in the past few years has been remarkable, he added, noting that Citadel ranked number 2 on the top 20 list in 2021. In addition, this allowed Citadel to overtake Bridgewater in the list of the most profitable hedge funds in history according to experts from LCH Investments. "The largest gains were once again made by the large multistrategy hedge funds like Citadel, DE Shaw and Millennium," LCH Chairman Rick Sopher said in a statement. After a share-exchange transaction is announced, the hedge fund manager may buy shares in the target company and short sell the buying company's shares at the ratio prescribed by the merger agreement. He put a satellite dish on the roof to get real-time stock quotes. If the firm makes 20% and has no high water mark before the 20% kicks in, the hedge fund will earn $200 million X 20% = $40 million. How much money do I need to invest in a hedge fund? [1] Last year, 900 hedge funds were launched. [47] Two days later on December 19, it was reported that Citadel would not be renewing the rights in New Castle Re contracts, but that Torus Insurance Holdings in Bermuda would do so. Firm is named one of the country's 50 best workplaces for recent college graduates by Great Place to Work. A Financial Firm Quarantines at the Four Seasons", "The Wall Street Journal News Exclusive | Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management", "GameStop Stock Soars, and Social-Media Traders Claim Victory", "The Wall Street Journal News Exclusive | Short Bets Pummel Hot Hedge Fund Melvin Capital", "Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints", "Ken Griffin's Citadel ditches Chicago for Miami following crime complaints", "Ken Griffin's Citadel Move Is 'Punch in the Gut' for Chicago", "Citadel leads the way in financial self-sufficiency", "Two new members elected to University of Chicago Board of Trustees", "Exclusive: Who Makes Money on Your Stock Trades", "These Are the World's Top Hedge Funds for 2021", "Citadel posts record revenues for hedge fund, securities ops in 2022", "Citadel becomes the most profitable hedge fund in history", "Citadel Posted 25% Return Last Year, Beating Industry Again", "Hedge fund Citadel shuttering Bermuda reinsurer", "Looking Afield, Hedge Funds Launch Reinsurance Firms", "Citadel forms new reinsurer - New Castle Re targets catastrophe reinsurance, AM Best says", "Hedge Funds Place Big Bets on Hurricane Season", "Citadel's hedge fund woes threaten New Castle Re's rating", "Torus takes New Castle Re renewal rights", "Chris McKeown, the founder of Bermuda reinsurers CIG Reinsurance Ltd. and New Castle Reinsurance Co., has been named chief executive officer of global analytical and specialty practices", "A Winning Night for Hedge Fund Managers and Investors", "Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser", "REDI and Citadel Technology Tackle the "Holy Grail", "Citadel technology preps end to end solutions suite", "A hedge fund superstar - Citadel founder Ken Griffin is already one of the world's most powerful investors", "Citadel Founder Offers Thanks and Apologies on Anniversary", "Why Ken Griffin hated one of his first jobs", "Derivatives trading safer and more efficient, says Citadel", "Ban high-speed trading? Billionaire Ken Griffin's hedge fund Citadel surpassed rivals by earning a record $16 billion in profit for investors last year the largest gain in history. The powerhouse topped industry rivals such as Ray Dalio's Bridgewater and billionaire investor John Paulson. The unit is partly credited for the rise of retail brokerages such as Robinhood. [46], Citadel wound down CIG Re in November 2008 because the company could not achieve a financial strength rating, and as a result could not compete in comparison to other companies in the industry. How much do portfolio managers make at Citadel? Donald Trumps real net worth? In 1999, Congress repealed a provision in the Glass-Steagall Act of 1933 that strictly separated banking and trading activities by financial firms. As of February 2023, Ken Griffin's net worth is estimated to be $28 Billion. Net Worth: $28 Billion. [57], In March 2015, Citadel received a Top 10 Great Workplaces in Financial Services ranking by the Great Places to Work Institute, based on a survey by Citadel employees. We share our perspectives on the markets, civic leadership and policy, as well as the latest news from the firm. Real estate continues to be a popular asset class in their portfolios to balance out the volatility of stocks. Ken Griffin is an American hedge fund manager and billionaire. He is the founder and CEO of Citadel LLC, a hedge fund, as well the owner of Citadel Securities. 25. Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you. By clicking above you agree to the Terms of Use [59], Citadel has played an active role in regulatory affairs and has advocated for financial legislation on market structure. [16][17] At the peak of the crisis, the firm was losing "hundreds of millions of dollars each week". Griffins warning came weeks after his firm unveiled plans to develop a brand-new 1.7 million square foot trophy office tower in Midtownthat would become Citadels key hub in the city. Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Citadel is a hedge fund manager, so its services are restricted to private investment funds (referred to in the firm's SEC filings as pooled investment vehicles). The median return for all funds was 2.61%, while the weighted average return was 2.75%. How do I become a hedge fund investor? [35] Citadel's group of hedge funds rank among the largest and most successful hedge funds in the world. All Rights Reserved. Credit Lines. He also owns Citadel Securities, one of the largest market makers in the U.S. [3] In 2022 Griffin had an estimated net worth of US$27.2 billion and was ranked 53rd on the Forbes 400 list of richest people in the United States. Citadel LLC: Miami, FL: $52,970 6 D. E. Shaw & Co. New York City, NY: $47,861 7 Two Sigma: New York City, NY: $40,969 8 Davidson Kempner Capital Management: New York City, NY: From a very young age, Griffin was entrepreneurial and had a vision for multiplying wealth. Investguiding is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. Sopher said the dispersion between managers running multi strategy and macro funds and equity long/short strategies caused some funds to do well last year and some to struggle. Citadel's hedge fund does indicate in its SEC filings that it has multiple foreign offices, so it could be managing assets for wealthy foreign individuals. Introduction: My name is Trent Wehner, I am a talented, brainy, zealous, light, funny, gleaming, attractive person who loves writing and wants to share my knowledge and understanding with you. Returns may be partly to blame. 1. Medal wins at International Olympiads in Mathematics, Physics, Chemistry and Informatics, PhDs across 50+ fields of study, from aeronautics and atmospheric science to computer engineering and statistics. The HFRI Equity Hedge Index tracking equity-focused funds sank 12.7% last year, and its fund-weighted composite index broadly tracking the hedge fund industry fell 3.4%. Hedge fund managers overall lost $208 billion last year, bringing net gains since inception to $1.42 trillion, of which 48.7% has been made by the top 20 managers. Investors were charged around $12 billion in expenses and performance fees, according to FT. What happens when no more shares to short? Here is LCHs full list of the top 20 hedge fund managers, ranked by net gains since inception. What does E-Trade charge for penny stocks? [21], In 2015, Citadel paid pop-star Katy Perry $500,000 to perform at an event celebrating the 25th anniversary of the firm. Here are the 10 fund managers to know this year. How much money do you need to be a hedge fund? What is the average return for a hedge fund? Bruce Covner founded Caxton in 1983, and Andrew Law succeeded him as CEO in 2012. 5. Since many hedge funds that have standout returns enjoy their best years of performance with a smaller amount of assets before they use that track record to attract more capital, Sopher began to track which managers have generated the most raw cash for investors. Do you need a degree to start a hedge fund? Thats what these ETF managers are aiming for with an AI-aided strategy. LCH Investments reported that Citadels total gross trading profit last year amounted to $28 billion. In 2022, the largest gains were once again made by the large multi-strategy hedge funds like Citadel, DE Shaw and Millennium, Sopher said. Weve been invested with many or most of the managers in the top 20 and that has enabled us to get close to them, get the information that isnt generally published, Sopher said. These include courses such as BBA, BCom etc. Do you need a Series 7 to start a hedge fund? How much does a managing director at Citadel make? Whats our next move? We strive to identify the highest and best uses of capital to generate superior long-term returns for the worlds preeminent public and private institutions. Other recipients of donations by Griffin or his charitable fund include: Art Institute of Chicago, Robin Hood Foundation, Lurie Children's Hospital, Museum of Contemporary Art in Chicago, Museum of Modern Art in New York, Fourth Presbyterian Church of Chicago, Weill Cornell Medicine, and Chicago Public Schools food services. 2023 Investguiding. Griffin with his second wife, Anne Dias-Griffin, whom he divorced in 2015. p. 3. Because hedge fund managers are not regulated as brokers, they do not usually need the Series 7 license unless they engage in trading on behalf of customers. Griffin, whos worth an estimated $31.9 billion, is seeking punitive damages and a trial by jury. Here are a few highlights: One of the Chicago museums that was a major beneficiary of Kenneth Griffin's financial contributions. Citadel Managing Directors earn $200,000 annually, or $96 per hour, which is 46% higher than the national average for all Managing Directors at $125,000 annually and 101% higher than the national salary average for all working Americans. How does the salary as a Trader at Citadel compare with the base salary range for this job? All Rights Reserved. Citadel made the largest annual profit (after fees) ever for a hedge fund in 2022 at $16 billion. What is the most successful hedge fund? His net worth has climbed by the billions over the past 10 years. Alpha magazine. and Privacy Policy. Largest hedge fund firms. Many [equity long/short] managers failed to anticipate or adequately hedge against the impact of rising interest rates and were unable to generate sufficient profits to compensate on the short side, he said. 'Absolutely not,' says Citadel's Griffin", "Leaders of Global Finance Speakers Series presents Kenneth Griffin", "Citadel party features Katy Perry, 'Left Shark', "Ken Griffin Has Katy Perry At Citadel Birthday Party", "Katy Perry and Andrea Bocelli; Hedge funds party despite losses", "Janet Yellen made millions in Wall Street, corporate speeches", Data management agreement between Citadel and Accenture, Taxation of private equity and hedge funds, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Citadel_LLC&oldid=1140957658, Financial services companies established in 1990, Investment management companies of the United States, Financial services companies based in Illinois, Articles with dead external links from July 2022, Short description is different from Wikidata, Articles containing potentially dated statements from December 2022, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 February 2023, at 17:00. The HFRI 500 Macro Index tracking such funds gained 14.2% last year, and multi-strategy funds at D.E. Ken Griffin's Citadel will allow investors to pull a total of $1 billion from its main hedge funds without incurring fees or penalties, a sign that clients are grappling with the economic fallout . Citadel's investment strategies focus on all major asset classes across the world's capital markets. Instead, each investor in a hedge fund must typically report his allocable share of the fund's income, gains, losses, deductions and credits on his own tax return. Our ambition is to be the most successful investment firm of all time. Citadel told investors its flagship Wellington fund returned roughly 32% through the end of November, a sharp contrast to much of Wall Street and the economy at large. As Citadel's founder and chief executive officer, Griffin, 54, has become one of the richest people in the world, with an estimated net worth of $29.4 billion, according to Bloomberg's. 30 May 2022 Ken Griffin is an American hedge fund manager and billionaire. Outside of equities, the highest-returning hedge fund strategies in 2020 were event-driven funds, which gained 9.3 percent for the year, according to HFR. Although the hedge fund industry has struggled in the past decade, its founders still yield great financial power. [19], On January 17, 2012, Citadel's flagship funds, Citadel Kensington Global Strategies Fund Ltd and Citadel Wellington LLC, crossed their respective high watermarks, earning back the 50% of assets lost during the 2008 financial crisis. Visit a quote page and your recently viewed tickers will be displayed here. The stellar year for Citadel's flagship fund followed a 26% return in 2021 and decades of strong performance-$1 million invested in Wellington at inception in 1990 would be worth $328 million. Griffin has been married twice. Yes, you could start with much less capital, or go through a hedge fund incubator, or use a friends and family approach, or target only high-net-worth individuals. 17. [10] In 2006, Citadel and JP Morgan Chase took over the energy portfolio and division of failed hedge fund Amaranth Advisors, which had suffered a 65% ($6 billion) loss in assets. Whats the real source of Cathie Woods ARK long-term performance? Griffin, whose net worth has been valued by Bloomberg at $29.4 billion, built his fortune on quantitative analysis, or quant trading, which relies on computer algorithms and statistical analysis to gauge where the market is going. Though the scheme may have started as far back as the 1970s and 1980s, Madoff remarked that it was in the early 1990s that he converted his hedge fund into a scam. When you want to trade crypto or other assets for anyone other than yourself, you need an account that allows you to hold other people's money. Ken Griffin is among the wealthiest people in the world as of January 2023. Hedge fund managers use a variety of investment strategies to obtain either higher returns or lower risk. That's despite the investment industry finding itself in choppy waters last year, losing $208 billion as the Federal Reserve's aggressive monetary tightening and geopolitical tensions weighed on markets. Griffin founded Citadel LLC in 1990, a hedge fund that made a record-breaking $16 billion profit last year. Based on Griffin's numbers, Citadel has a 3% acceptance rate. How do I invest in the Citadel hedge fund? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 16. Charted: Hedge funds still can't match the S&P 500 2021 wasn't the year for hedge funds to finally outperform passive investing. Citadel Losses in 2022. Since its founding in 1975, Bridgewater has returned $52.2 billion in gains to its investors more than any other hedge fund on the planet. In many cases, hedge funds are managed to generate a consistent level of return, regardless of what the market does. By clicking Sign up, you agree to receive marketing emails from Insider In general, hedge funds can only operate successfully with large amounts of assets under management due to the powers of leverage and economies of scale. Investing in securities using credit lines follows a similar philosophy to trading on margin, only instead of borrowing from a broker, the hedge fund borrows from a third-party lender. Founded in 1990 by Kenneth C. Griffin, it has more than US$50 billion in assets under management as of May 2022. Shaw and Israel Englanders Millennium Management returned 24.7% and 12.4%, respectively. The Hedge Fund Received A $1.2B Lifeline From Sequoia and Paradigm , (Video) How To Scale Your Investment Fund In 2022, (Video) Hedge Fund Option Trading Explained, (Chris Haroun, CEO of Haroun MBA Degree Program), (Video) Frank Meyer: How to invest with the right managers early on. Griffin is the chief executive of the investment firm Citadel, which he founded in 1990. Citadels planned skyscraper will replace adjacent buildings at 350 Park Avenue, 40 East 52nd Streetand 39 East 51st Street and eventually house all of its New York City-based employees. Investment issues are the second leading reason for hedge fund closures at 38%. Citadel receives "A" grade in Institutional Investor's alpha report card, wins five awards from Absolute Return, and is Named Hedge Fund of the Year by Risk Magazine. Now though, they're increasingly training up university leavers themselves. Portfolio Manager salaries at Citadel can range from $164,645 - $525,499 per year. He is the founder of Citadel Securities, one of Wall Street's biggest market-making firms, responsible for one of every five stock trades in the U.S. During the pandemic, Griffin funded the State Department's rescue of 800 U.S. citizens from Wuhan and donated $45 million to community initiatives in cities like Chicago and Miami. Spouses: Katherine Weingartt (divorced 1996); Anne Dias (divorced 2015). Ken Griffin is an American entrepreneur who has a net worth of $28 billion dollars. Hedge Fund ETFs allow investors to easily access popular trading and investing strategies employed by hedge funds. towards fixed income assets to produce reliable returns and meet financial obligations. "[9][58] It is also reported that turnover is aligned with the hedge fund industry. It all happens at an extremely low cost in the context of our capital markets". What is the average return for a hedge fund? Their progress up the rankings in the past few years has been remarkable.. As a market maker, it serves as a broker-dealer that stands ready to buy and sell shares from investors looking to make a trade. He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. [53], Citadel Technology, established in 2009, was a wholly owned and independently operated affiliate of Citadel. It is known for managing funds across five different investment strategies including equities, commodities, fixed income, quantitative strategies, and credit. Each day, we reimagine and refine our strategies, models and technology in pursuit of superior results and long-term performance. Since its founding in 1990, Citadel has reported net gains of $66 billion besting Dalios Bridgewater, which generated net gains of more than $58 billion. Start a hedge fund to be your boss, to manage your funds, and to be profitable. 31. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. NXT offers a combination of training, experience, and exposure to get you to the next level in your career. BOSTON, June 23 (Reuters) - Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, becoming the latest. Another copy sold for $43.2 million at auction last year to billionaire Ken Griffin after he outbid ConstitutionDAO. Overcome excuses, improve the Confidence. Is investing in a hedge fund worth it? 1. as well as other partner offers and accept our, Billionaire Ken Griffin's hedge fund Citadel, Registration on or use of this site constitutes acceptance of our. Copyright 2023 MarketWatch, Inc. All rights reserved. We've received your submission. How hard is it to get into Citadel hedge fund? Copyright Citadel Enterprise Americas LLC or one of its affiliates. Citadel Securities, the market-making arm of Griffins empire, reported a record $7.5 billion of revenue last year, according to Bloomberg News. One of the best ways for beginners to get started investing in the stock market is to put money in an online investment account, which can then be used to invest in shares of stock or stock mutual funds. Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages roughly $57 billion in assets. This estimate is based upon 8 Citadel Portfolio Manager salary report(s) provided by employees or estimated based upon statistical methods. Are small businesses vulnerable to cyber attacks? "The strong gains they have generated in recent years reflect their increasing dominance in strategies which do not depend on rising asset prices, and their substantial size.". Funds typically receive a flat fee plus a percentage of positive returns that exceed some benchmark or hurdle rate. I see four explanatory . The firm returned $7 billion in profits to investors at the beginning of the year, the Wall Street Journal reported, with some expected to come out of all four funds. Hedge fund managers typically have a minimum of a bachelor's degree, although many companies prefer a master's degree. Morning Report delivers the latest news, videos, photos and more. [50] Citadel aggregates investment positions on trading screens to calculate "more than 500 doomsday scenarios" to assess the potential of risk for the firm. Bridgewater Associates Bridgewater is the world's largest hedge fund, with about $150 billion in capital. Bachelor's degree in any field is sufficient. [36], In 2014, Citadel became the first foreign hedge fund to complete a yuan fundraising as part of a program to allow Chinese investors to invest in overseas hedge funds. How do I invest in the Citadel hedge fund? (Video) How Ken Griffin (Citadel) Made Billions, (Video) Who Owns Citadel Hedge Fund ( Jan 2021) Know About It- Watch! 6. Kenneth Griffin, billionaire businessman and Chief Executive officer of Citadel Hedge fund with $43 billion assets under management lost 3 billion since the beginning of April 2022. Ken Griffin is the new hedge fund king, according to LCH Investments annual ranking of the worlds top 20 hedge fund managers, which estimates his Miami-based Citadel earned $16 billion in profits for investors last year and has posted $65.9 billion in net gains since inception in 1990.