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July 24, 2008 10:53:28 PM CDT

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Inside the Citadel: Hedge Fund Giant Mulls IPO

Posted Apr 16, 07 10:39 AM CDT in US,  Business,  Glossies 

(Newser) – Portfolio magazine debuts with a look inside Citadel Investment Group, the $13.5 billion Chicago hedge fund that's even more press-shy than most of its brethren. A rare chat with founder Ken Griffin reveals that he's thinking of taking Citadel public —which the magazine notes could be the biggest stand-alone hedge fund IPO in the US.

Citadel earned more than a 30% return last year, but as the field becomes overcrowded and the possibility of regulation looms, the 38-year-old billionaire is working to turn his company into a financial supermarket like Citigroup and Goldman Sachs. He and his French second wife—Portfolio calls her " the champagne to Ken Griffin’s Budweiser" —have become big art collectors and patrons.

Source Portfolio

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Ken Griffin of Citadel
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Chicago  • business  • hedge fund  • finance  • IPO  • investing  • Citadel


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