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THE SECRETS OF KEN GRIFFIN

An interesting look back at Ken Griffin. Of course, everyone know Griffin’s fund was hit hard last year.

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    vfsv

    “The exodus began right after traders began collecting de-ferred compensation in October 2002 from the firm’s most-profitable years: 1999, when the Citadel Wellington fund returned 45.2 percent, and 2000, ”
    —“Deferred compensation.” In other words, they had to stick around long enough to make sure they weren’t gaming the system with short-term gains at the expense of long-term losses.
    —“It is what it is” but still don’t “get it” why some of these other idiot firms are getting bailed out by taxpayers when the “solution” was there all along…

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