Where did the name of the company Citadel come from?
According to a New York Times report, Citadel was started with $4.6 million in capital. Citadel was originally named Wellington Financial Group after its flagship fund. The company name was changed to Citadel in 1994. Within eight years, the firm had more than $2 billion in assets.
How much money does Citadel Securities make a year?
During the coronavirus pandemic, Citadel Securities doubled its profit earning $4 billion in revenue during the first half of 2020 due to an increase in volatility and retail trading. In October 2020, Citadel Securities announced it would acquire the NYSE market making unit of rival IMC.
Why was Citadel unable to charge performance fees?
Because the assets in those funds decreased by 50 percent, Citadel was unable to charge performance fees until it could make up the 50 percent lost; the company would have to make a 100 percent investment return before it could see any more revenue and begin charging clients again.
How many employees does Kenneth Griffin have at Citadel?
The company has more than 1,400 employees, with corporate headquarters in Chicago, operational headquarters in Manhattan, and offices throughout North America, Asia, and Europe . Kenneth Griffin started his trading career out of his dorm room at Harvard University in 1987 trading convertible-bonds.
How many employees does Citadel Investment Management have?
With a team of 100 employees, Citadel reaches the $1 billion mark in investment capital and is recognized with the Relative Value/Arbitrage Award by Alternative Investments. Fixed income business launches. Name changes to Citadel. Statistical arbitrage business launches
Who is the chairman of Citadel hedge fund?
Crossing the $25 billion mark in investment capital, Citadel is named “Hedge Fund of the Year” by Institutional Investor and named one of the country’s 30 best workplaces in financial services and insurance by Great Place to Work. Ben Bernanke, former Chairman of the Federal Reserve, joins the firm as senior advisor.
Where are the citadel equities trading offices located?
Citadel launches Surveyor Capital, a fundamental equities trading business, as well as its tactical funds and macro businesses. Acquires large portions of Amaranth Advisors’ energy portfolio and Sowood’s credit portfolio. Firm opens offices in Hong Kong.