A Few Interesting Facts About Kenneth Griffin

Ken Griffin knows many things related to hedge fund management. He is an American hedge fund manager who founded Citadel, a renown global investment firm that has an estimated $25 billion inform of investment capital. Griffin is also the Chief Executive Officer of the firm, and it has recently been rated as belonging to the class of the world’s biggest investment firms. The company’s hedge funds also rank among the best in terms of success and size in the world. Being a very notable personality in his niche, Griffin has been identified as belonging to the creme de la creme of the biggest earning hedge fund managers in 2012 as well as one in the Forbes 400 richest Americans list.

As of May 2015, he had an estimated net worth that was above $6.6 billion and he shocked many in the beginning of 2014 by making a $150 million donation to Harvard University where he schooled. The donation made history as being the largest the institution has ever received from an individual. Griffin is not new to making donations; in the recent past, he wrote a check of $2.5 million to an Illinois Governor candidate for his campaigns. All his total donations are not less than $500 million to the different organizations and causes he supports.

He was born in Florida in 1978 and became interested in matters related to hedge fund trading when he was still studying in Harvard as a freshman. A Forbes magazine article he came across triggered his mind, and when he began his second year, he stared a hedge fund that had a strong focus on convertible hedge fund arbitrage. To start the fund, he consolidated more than $265000 from friends and family including money from his grandmother.

To ensure that his trading was always accurate and on point, he ensured that he had the best market information that was achieved by installing a satellite link on his dorm. The investment turned out to be a good decision and by the time the market crash of 1987 was happening, he was safe and was already on profit. The early debut into success made it possible for him to start a second fund and between both funds, he was managing over $1 million.

He finished his university studies and graduated with a degree in economics in 1989. Soon after his graduation, he was approached by a private investor who provided him with $1 million to invest. He managed the funds and managed to make more than the investor expected. He has appeared numerous times on the Forbes magazine in different categories as being one of the most influential people in America. His company has also been rated as among the best in the financial services sector when matters related to offering the best in terms of employee benefits and compensation are concerned.

During his free time, Valuewalk’s Griffin is busy buying rare art works and is known to buy even the most expensive ones. He also spends his free time contributing to his philanthropic organizations and causes.

Leave a Reply

Your email address will not be published. Required fields are marked *