CEO of Citadel
Citadel was officially founded November 1, 1990 with $4.2 million; the name "Citadel" was chosen to suggest strength in times of volatility. With Citadel quickly growing, it began to perform well.
In 2008, the performance of several of Citadel's key funds including its Kensington and Wellington funds was down 35% in the year to October. The average hedge fund was down approximately 18% in 2008.
Read more about this topic: Kenneth C. Griffin
Famous quotes containing the word citadel:
“The self ... might be regarded as a sort of citadel of the mind, fortified without and containing selected treasures within, while love is an undivided share in the rest of the universe. In a healthy mind each contributes to the growth of the other: what we love intensely or for a long time we are likely to bring within the citadel, and to assert as part of ourself. On the other hand, it is only on the basis of a substantial self that a person is capable of progressive sympathy or love.”
—Charles Horton Cooley (1864–1929)