Ken Griffin is a leading hedge fund manager, who has taken over the American market for his creative ideas that have transformed how these funds are managed. He has featured in many investments and his contributions have been invaluable to offering a lasting solution. Ken Griffin has been featured in many dailies and magazines including Forbes for his great efforts to bringing a transformation to how the hedge fund management industry works. He founded and heads the largest investment management firm, Citadel, which has managed to stand as the most successful funds in the world.
Born in 1968 in Daytona Beach, Ken Griffin started his zeal for investment at an early age. He joined the Harvard University and started his investing career after he got information through an article in Forbes. Ken Griffin has been successful in creating a system that has stood firm for many years offering solutions to different problems. During his second year at the University, he launched his first hedge fund, which was founded on convertible bond arbitrage. His strategy managed to gather $265, 000from friends and family. He was smart enough and he installed a satellite in his dorm so he could receive real-time information about the movement of the market. This exposed him as a young entrepreneur and his early success opened up more opportunities for his career later. In 1989, he graduated with a degree in Economics.
After the completion of his university education, he now came out with a bigger idea and sough for financing from Frank C. Meyer, who was the founder of Glenwood Capital LLC. He received $1 million, something that was viewed as an excess of what Meyer had expected. In that process Meyer made 70% return on investment.
It is in 1990 when Ken Griffin founded Citadel with a capital of $4.6 million. In less than ten years, Citadel had expanded into an international company that employed more than 100 employees and with an investment capital of $1 billion. Twenty years working in the industry, Ken Griffins has managed to record a great reputation and has spearheaded the creation of great products that are seen as a great revolution to the industry. His creativity and patience have been seen as top qualities that have contributed to his emergence as a leading investor and manager. His worth grew by the years and he has been featured in the Forbes magazine many times highlighting different roles he has played in the creation of systems that are meant to make the operations of Citadel seamless.
One of the things he has been successful in achieving is showcasing the ability to read the flow of the market and to offer strategies that have helped tap the market at the right moment. Even when others were struggling to catch up with rising competition, Citadel moved on and managed to grow despite many challenges that were happening in the market. Ken Griffin is indeed a reliable professional, who has impacted positively in the market.