Per Business Insider
Citadel's Ken Griffin took home a record $4.1 billion in 2022
3/8/2023
Amid other hedge fund companies not doing so well, Citadel increased by 38.1% while the larger market dropped. This resulted in Ken Griffin taking home $4.1 billion last year.
Overall, Citadel reportedly made $16 billion in 2022, increasing its assets under management to $53.7 billion. This was while the broader market dropped by a significant amount.
For example, the S&P 500 reportedly dropped by almost 20% in 2022, while Citadel increased by 38.1%. The return on investment to investors at the end of the year was a whopping $7 billion.
Institutional Investor published that Ken Griffin was able to take home a whopping $4.1 billion throughout the year. The data was revealed in the article titled "The Rich List: The 22nd Annual Ranking of the Highest-Earning Hedge Fund Managers."
The second top-earning hedge fund manager was Millennium Management's Izzy Englander, who took home $3.2 billion in the year. This resulted in a $10 billion earned by Englander over the span of the last three years.
Here's a breakdown of Citadel's funds and their performances.
- Global Fixed Income fund - increased by 32.6% in 2022
- Tactical Trading fund - increased by 26.5% in 2022
- Citadel Equities fund - increased by 26.4% in 2022
Griffin moved to Florida, but before that, he gave 40 Chicago organizations a $130 million donation in June.
In October 2022, Citadel's Ken Griffin was confident that a recession would happen and that the question is not if but rather when or how hard a recession will happen. He then gave a statement regarding rates and their impact on the economy.
The SEC has previously asked the Citadel CEO to probe the devices of employees to look for evidence regarding any business dealings coming from unapproved channels.
See flow at unusualwhales.com/flow.
Other News:
- Citadel's Ken Griffin Says Recession Will Happen and It's Only a Question of When or How Hard
- SEC Asks Ken Griffin's Citadel to Probe Employee Devices for 'Evidence of Business Dealings on Unapproved Channels'
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