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Citadel LLC CEO Kenneth Griffin made $2.5 billion in 2021. That was enough to give him third place among hedge fund managers in the list just released by Institutional Investor.
For Griffin, its unclear how long the good times will last. His firm is under federal investigation.
Investigators are examining the communications of Andrew Liebeskind, one of his top traders, among others. And if that weren’t bad enough, other investigators are looking into Melvin Capital, in which Citadel invested billions.
That probe too could lead to Citadel.
I found it interesting that Griffin was bested by Jim Simons of Renaissance Technologies LLC, who earned $3.4 billion, putting him in first place. Simons’ firm has been a buyer of meme stocks including AMC Entertainment Holdings Inc.
Perhaps it’s easier to swim with the current than against it.
Not being under federal investigation probably helps too.
Have a great weekend everyone!👋
More on markets:
Citadel Under Federal Investigation
Melvin Capital Under Federal Investigation
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Photo: Citadel LLC CEO Kenneth Griffin
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