Citadel’s Ken Griffin Has Remade the Hedge-Fund Industry, With Himself on Top

Ken Griffin wants visitors to the offices of his $63 billion hedge-fund firm, Citadel, to have no doubt about its standing atop Wall Street.

“#1 Most Profitable Hedge Fund Manager of All Time” reads the message emblazoned on elevator doors at its Miami headquarters. 

It refers to an unofficial industry ranking Citadel scaled following a one-year record haul of $16 billion in 2022. Griffin is eager to tell the world about that, too. 

Last year the firm’s flagship fund was up 15.3%, outpacing the 7.4% gain in a broad hedge-fund industry index. It’s a big comeback from the firm’s near-failure in the 2008-09 financial crisis.

 

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