Kenneth Griffin Quotes

Kenneth Cordele Griffin is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of the global investment firm Citadel, founded in 1990. As of March 2015, Citadel is one of the world's largest alternative investment management firms with an estimated $25 billion in investment capital. Citadel's group of hedge funds rank among the largest and most successful hedge funds in the world. Forbes identified Griffin as one of 2012's highest earning hedge fund managers as well as one of the Forbes 400.As of February 2018 Griffin had an estimated net worth of US$8.7 billion, making him the richest man in Illinois and the 52nd richest person in America. At the beginning of 2014, Griffin made a $150 million donation to the financial aid program at Harvard University, his alma mater, the largest single donation ever made to the institution at the time, and his donations to various organizations and causes have totaled about $500 million. In the same year, 2014, Griffin reportedly earned $1.3 billion including a share of his firm's management and performance fees, cash compensation and stock and option awards.

✵ 15. October 1968
Kenneth Griffin photo
Kenneth Griffin: 11   quotes 0   likes

Famous Kenneth Griffin Quotes

“We're subject to the same forces of capitalism that have built the entire American economy. Strong returns induce more capital flow, which creates more competitors, and you have to evolve and get better, or you die.”

"Citadel Boss Won't Be Hedging On Day Job," Chicago Tribune (March 2006) http://www.healthdecisions.org/StopLossReinsurance/News/default.aspx?doc_id=58379
On competition among hedge funds.

“Every organization has two choices. Choice one is to grow. Choice two is to die. If you decide not to grow, it's a clear-cut message to talented people that it's time to leave.”

Institutional Investor Magazine (September 2001) http://web.archive.org/20060329190803/ddo.typepad.com/ddo/files/Citadel_2001.pdf

“The ability to create same day straight through processing of mutual fund trades is a matter of will.”

"Justice Delayed," FTSE Global Markets (May/June 2005) http://www.ftse.com/Research_and_Publications/Downloads/GMMayJune05_1.pdf
On using technology to end market timing.

“Capital markets reward you for what you learn that other people have yet to ascertain.”

Bloomberg News (April 29, 2005) http://quote.bloomberg.com/apps/news?pid=nifea&&sid=asibq1F2VEMk.

“We all know that great leaders can create great successes…success for the Chicago public education fund is to bring great leaders into Chicago's public schools.”

Video commentary featured on website of the Chicago Public Education Fund http://www.cpef.org/nm_video.htm#

“…there won’t be one, single global market. But there will be global investors.”

"The Age of Global Markets and the Global Investor," 25th International SFOA Bürgenstock Conference http://www.ioncorporation.com/presentation2.html
From a presentation by Griffin.

Kenneth Griffin Quotes

“Size is a double-edged sword with great advantages and disadvantages..”

Interview with Harvard Investment Magazine (Winter 2005) http://www.harvardinvestmentmagazine.org/current/griffin.htm
Response to question about managing a large hedge fund.

“Risk is what you make of it.”

Chicago Mercantile Exchange advertisement http://www.cme.com/files/CME_Citadel_ad.pdf.

“Let's go.”

"Why Citadel Pounced On Wounded E*Trade," The Wall Street Journal (November 2006) http://online.wsj.com/article/SB119638616004708894.html?mod=googlenews_wsj
Reportedly the words initiating "the highest-profile move in Citadel's history."

“The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.”

"A Wishlist for Fixing Wall Street," New York Times (May 13, 2008) http://www.nytimes.com/2008/05/13/business/13sorkin.html?ref=business.

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