Citadel

  • 02 Sep 2014 at 6:12 PM

OH NO HE DI’INT: Ken Griffin Divorce Edition

Back in July, after he filed for divorce from his wife of 11 years, we noted that Ken Griffin’s title as World’s Richest Illinoisan was in peril. In light of the fact that even if Anne Dias Griffin took half, the Citadel founder would still be worth over $1 billion, this comment may have seemed a tad dramatic. Following today’s report that Anne wants their prenuptial agreement voided, though, and is clearly playing the hardest of ball, it doesn’t seem dramatic in the slightest. She’s going after him for everything, and if the idea of her demanding not just cash, homes, and art but the keys to the hedge fund sounds laughable than laugh it up! Also, if the (soon-to-be-ex-) Mrs. needs any pointers on playing dirty, she (allegedly!) needn’t look far. Read more »

Former Citadel Programmer Decides To Plead Guilty

Which may have something to do with his being guilty of sending a buddy some proprietary code he’d written and then trying to help him cover the whole mess up, and that buddy’s decision last week to plead guilty first. You know, little factors like that. Read more »

A federal appeals court found that making Goldman angry is not a violation of federal law, freeing poor old Sergey so that he could face the same charges in state court. But making Ken Griffin angry? That’s a whole other story—one that could involve 20 years in prison for a plucky 26-year-old programmer who Citadel politely asked to stop downloading its secret sauce onto personal hard drives, but who kept doing it anyway. Read more »

You could also one day read about Griffin signing with the Bulls as their new shooting guard but, again… Read more »

It’s because he has to. Read more »

Ken Griffin & co. weren’t that good at being an investment bank, possibly in part because Ken Griffin spent so much of his time firing his investment-banking executives. Perhaps they’ll be better at doing the things that banks don’t want to do anymore. Read more »

For the most part, 2013 was not kind to Steve Cohen. The Feds put his balls in a jar and put that jar on Preet Bharara’s desk. One of his ex-employees went to trial for (and was later found guilty of) masterminding the “most lucrative insider trading scheme ever.” Other former traders helped bring the number of SAC alums indicted on securities fraud charges to nine. His genius idea to give out free hot dogs on the front lawn of SAC HQ failed to prevent a number of departures. He lost his biggest fan. For a lot of hedge fund managers, all of this would add up to moping around the office and turning in less than stellar work. For Steve Cohen, it meant turning up the Styx and getting down to business. Read more »