The Citadel group is known as being one of the largest global finance institutions in the world. Since 1990, the company has operated as two businesses, Citadel, a positive asset manager and Citadel Securities, an equity options and equities firm. Citadel has the unique distinction of being one of only three hedge funds in the world still in existence over a 20 year span.
Known for its reputation of continued investment performance, Citadel manages the assets of some of the world’s largest investors and investment vehicles, including pensions, sovereign wealth funds and university endowments. The company employs more than 1,400 people, and is headquartered in Chicago with various offices located through Asia, Europe and North America.
Citadel Securities, an offshoot company, was established in 2002, and provides equity investing solutions and trade execution options to institutional and retail clients. The company has an extreme emphasis on automation that allows it more reliable trading at lower costs. Barron’s magazine ranked Citadel number one in price improvements for investors” in both non-S&P and S&P 500 shares.
Citadel manages over $26 billion in assets, and is one of the largest financial managing companies in the world. It is the 11th largest manager of hedge funds in the world, and acts as one of the biggest global hedge funds. They cover five unique investment strategies, including commodities, equities, quantitative strategies, credit and fixed income investements.
Citadel’s president, Ken Griffin has helped the firm grow into one of the biggest alternative investment firms in the world. Griffith began his investment career while still attending Harvard University, where he began a hedge fund that was focused on bond arbitrage. With $265,000, the fund, started in 1986, realized a profit and his management allowed him to preserve capital during the stock market crash in 1987.
His success led him to launch a second fund, and the two funds at his early age, were worth assets totaling just over $1 million. Presently, as the manager of Citadel, his personal worth is over $6 billion.
The Citadel fund experienced two years of above board returns from 2009 to 2010, with gains of over 20%, outperforming the average industry fund loss of -5%.
In 2014, Citadel had the distinction of creating the first foreign hedge funds in China, allowing Chinese investors to participate in investing in hedge funds overseas.
Citadel continues its tradition of high return investments for its investors and holders. With its advanced and diverse portfolio, many see it as an investment behemoth, with many successful years remaining in profit and growth.