InvestorsHub Logo
Followers 26
Posts 575
Boards Moderated 0
Alias Born 06/11/2011

Re: None

Tuesday, 11/14/2023 3:43:17 AM

Tuesday, November 14, 2023 3:43:17 AM

Post# of 723906
Ken Griffin and other "New Masters of the Universe" (as the headline described them) had a 2-page spread in the Sunday Times (of London) this weekend. The sub-heading was "Multi-strategy funds led by the likes of Israel Englander and Ken Griffin are making astonishing returns by splitting traders into pods, each pursuing different objectives".
Apart from the revelation that last year Citadel made $16 billion for its investors - a return of 38.1% and the biggest annual gain in hedge-fund history, the bit that caught my eye was the revelation that at Citadel there

"is a ruthless culture. Underperforming pods are sacked en masse the moment that they lose a certain amount of money."

Consequently,

"Every Citadel employee has to take a deep breath before they go into the office, because they don't know if it's going to be their last day"


I would have thought that this is ideal ground for finding a disgruntled ex-employee (or who feared they were soon to be ex-) who could tell Ms Posner much of interest about the inner machinations in Kenny's empire.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News