Citadel LLC is a private investment firm that manages hedge funds for its customers. The firm invests its funds in securities of successful companies from different sectors across the world. Citadel LLC has invested in the public equity and alternative investments programs that cover different classes of assets. The company has grown from trading to offering lending services to multinational companies in the emerging markets like China. The performance of Citadel LLC rebounded in 2009 after the global financial crisis when it started to allow clients to withdraw their cash again.
The Chief Executive officer of Citadel LLC is called Kenneth Griffin. He has a bachelor’s degree from Harvard University and is very active in supporting educational programs that navigate community developments. Mr. Griffin is a member of many institutions found in Chicago. He has been actively supporting civic and cultural institutions in Chicago. Also, Mr. Griffin is a proud member of several art institutions in this city.
- Griffin started a hedge fund during his early days at the university. His family and friends supported didn’t let him down but supported him accordingly. Later he was able to link his residence to enable him access real time data. Mr. Griffin is 45-year old and ranked among the riches persons across the world. Recently, he donated $150 million to Harvard to be used to offer financial aid to students.
Citadel LLC goal is to capture available opportunities and will be launching new stand-alone stock-picking division in Chicago. The unit is located in San Francisco’s Steuart Tower, and will be equipped with ten teams that would be managing around $1 billion for Chicago based company. According to the experts, the company’s position could add an extra $10 billion dollars from this new investment. Citadel LLC and its founder have been rebuilding and growing since 2008.
As a way of its potential in stocks, the company has doubled on its fast-growing sector, the one that has made billions of dollars in profits from trading. Last year, the company’s Global Equities Fund was up by 23.4% and 8.7% up to May 2015. In both cases, the Citadel was able to surpass its growth targets. The company is planning to hire veteran portfolio managers to take the entity to the next level.
Citadel LLC is expected to employ specialists who will manager financials, industrial, consumers, and health care as well as telecommunications stocks. This would be the company’s new operation on the West Coast. The other department of Global Equities will continue function separately because it focuses on homegrown investment talents.
The company has utilized all opportunities to improve its performance and managing its risks. Citadel allows entrepreneurs to with leaders across the industry in order to learn some crucial management techniques. Also, they encourage investors to meet with most successful business founders and economists from across the world. Citadel LLC has been rewarding its hardworking staffs with attractive packages to enhance their lives. In this way, the company is able to retain majority of its staffs for long.