For over a decade, the Citadel group has been known for its high levels of consistent gains and above-average returns in the equity markets. It is long been recognized as one of the most successful and prolifically profitable equity funds in the world. Citadel functions under two different companies. The main group, Citadel operates mainly as an asset managing company, while Citadel Securities operates in equity management.
Citadel is recognized for its unique longevity. It is one of only a few hedge funds still in existence that have operated for a span of over 20 years. It is well known for its exceptionally high levels of return, as well as being the overseer of some of the largest investment pools in the world including various university endowments, wealth funds and other investment interests. The company bases its home in Chicago Illinois and currently employs more than 1400 employees in offices located throughout Europe, Asia and North America.
In 2002, Citadel extended its services by establishing Citadel Securities. The securities branch places an emphasis on customer service and the utilization of technology to better service its customers and investors. This technology has resulted in faster executions of orders and online trades. The firm was recognized by Barron’s magazine for its improvements in pricing for individuals investing in the S&P 500 share market and non-SAP share market.
Often recognized as one of the largest finance companies in the world, Citadel currently manages over $26 billion in its various portfolios. It is one of the most profitable hedge funds, as well as the biggest manager of funds in the world. The various investments Citadel utilizes includes commodity investments, equities, fixed income strategies, credit, and quantitative strategies.
The origins of Citadel can be traced back to its president and CEO, Kenneth Griffin. As a student at Harvard University Griffin began his investing career, starting a hedge fund that was focused on aspects of the acquisition of bonds through means of arbitrage. His first hedge fund began with a $265,000 base, and he quickly realized profit through his management. Encouraged by his success, he started a second fund, and was soon managing assets of well over $1 million.
Currently as the head of Citadel, Griffin has amassed a net worth of more than $6 billion.
The reach of Citadel has extended beyond American shores. In 2014, Citadel introduced an opportunity for overseas markets, with a hedge fund aimed at attracting Chinese investors.
The Citadel group continues to make strides in new financial markets through its innovation and pioneering spirit. With an eye on the future, the company seeks to make their name known and profit for their various investors for some time to come.