Who is Ken Griffin? He is the founder of the billionaire hedge fund Citadel. He is also widely known in the art world, philanthropist, and a political player. Over the last decade, he has become a power player in Chicago Business. Reportedly he is worth about $2.3 billion. That makes Griffin of citadel be the fifth richest person in all of Chicago and the 159th richest person in all of America. Griffin have donated over 3 million to candidates that are a part of the political action committee. He has also donated a staggering $ 19 million donation for the Modern Wing at the Art Institute.
He was president of the math club at his high school Boca Raton Community. He then attended Harvard, which is when he begin his investing career. Harvard had allowed Griffin to install a satellite dish on the roof on Cabot House so that he can receive stock quotes.
One of Griffin’s early investment strategy took the power of a methodical incompetence in the market for convertible bonds. After he graduated Harvard, is when he then move to Chicago to become an investor at Glenwood Capital Investments.
Frank Meyer, who ran Glenwood Capital Investment, entrusted $1 million of Glenwood money to Griffin. The following year, Griffin and Meyer raise 4.6 million to Citadel. The hedge fund grew at a rapid pace. In 2002, Citadel opened into energy trading. Amaranth Advisors had ran into some dilemmas on bad natural gas.Citadel bought its position at a high discount. In 2008. Citadel had then reached its peak of $20 billion in assets. In 2009, he builds an investment-banking operation.
Griffin has given a lot of money to politicians throughout the years. Some of the politicians include Representative Pail Ryan and Senator Tom Coburn. In 2010, is when he offer his biggest donation. He donated 500,000 to two different political action committee. That donation is a long distance away from his first donation. In 1998, he donated $1000 to the U.S senator Daniel Inouye.
Griffin has a great love for arts. Griffin accumulate impressionist and postimpressionist art with the same drive he brings to be in charge of a hedge fund. He is a part of the world’s top 200 collectors. Some of the pieces he collected throughout the years includes False Start, Self Portrait, Water Lillies, Green Dancers, and Little Dancer.
A lot of Griffin’s philanthropy has to do with the arts, children, and education. A few of his charitable donations benefiting are distributed by the Citadel Group Foundation, In the year 2007, Griffin donated 98.5 percent of the funds that he had received. He also has a foundation that he co-founded in October 2009. Some of his donations include 19 million to the Art Institute in 2006. Also $996.440 in total from CGF to Chicago Symphony Orchestra from 2002-2009, and 240,00 in total from CGF to the Latin School of Chicago in 2005. Kenneth Griffin, a successful hedge fund, philanthropist, and a man with the love art.