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Citadel LLC

This article is about the hedge fund. For market maker, see Citadel Securities. For the military college, see The Citadel. For other uses, see Citadel (disambiguation) and The Citadel (disambiguation).

Citadel LLC
Company typePrivate
IndustryFinancial services
Predecessor
  • Wellington Financial (1990–1994)
  • Citadel Investment Group (1994–2013)
Founded1990 (1990) in Chicago, Illinois, U.S.
FounderKenneth Griffin
HeadquartersSoutheast Financial Center, Miami, Florida, U.S.
Key people
  • Kenneth Griffin (CEO & Co-CIO)
  • Pablo Salame (Co-CIO)
  • Gerald A. Beeson (COO)
  • Ben Bernanke (Senior Advisor)
ProductsAlternative investments
AUMUS$62.3 billion (December 31, 2022)[1]
OwnerKenneth Griffin (85%)[2]
Number of employees
2,630 (2022)[3]: 27 
Websitecitadel.com

Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $58 billion in assets under management as of January 2024. The company has over 2,800 employees,[4] with corporate headquarters in Miami, Florida,[5][3]: 1  and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm.[6] As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.[7][8]

Citadel LLC is a separate entity from the market maker Citadel Securities, although both were founded and are owned by Griffin.[9]

  1. ^ "RIP the cult of the Tiger cub". Financial Times. January 23, 2023.
  2. ^ "Ken Griffin Bloomberg". Bloomberg News. 2019. Archived from the original on August 20, 2020. Retrieved October 9, 2020.
  3. ^ a b "Citadel Advisors LLC Form ADV" (PDF). U.S. Securities and Exchange Commission. August 15, 2022.
  4. ^ "Multistrategy hedge funds: Who are they? How do you get a job there?". eFinancialCareers. April 5, 2023. Retrieved March 26, 2024.
  5. ^ "About Citadel". Citadel. Retrieved August 23, 2022. Miami Global Headquarters Southeast Financial Center 200 S. Biscayne Blvd. Miami, FL 33131
  6. ^ "Bloomberg Billionaires Index". Bloomberg L.P. Archived from the original on August 20, 2020.
  7. ^ Tucker, Hank. "Citadel's $16 Billion Gain In 2022 Makes Ken Griffin's Flagship The Top-Earning Hedge Fund Ever". Forbes. Retrieved May 20, 2023.
  8. ^ Gilchrist, Karen (January 23, 2024). "World's largest hedge funds record bumper year of profits, research shows". CNBC. Retrieved March 26, 2024.
  9. ^ Phillips, Matt; Kelly, Kate (February 18, 2021). "A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington". The New York Times. ISSN 0362-4331. Retrieved May 5, 2022.

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