Kenneth Griffin is one of the highest skilled hedge fund managers in the world due to his knack for creating revenue for his clients And his skill is unsurpassed. With such a heavy emphasis on education and market research, Ken Griffin has made himself and his clients billions and billions of dollars. Being a billionaire himself and having billions of his own dollars invested in the Citadel hedge fund, he is not someone who takes the act of managing your money lightly, for he would not have achieved his reputation of being one of the worlds best hedge fund managers if he was not one to deliver on his promises and bring his clients a very substantial profit very quickly.
He started his career in the dorm rooms of Harvard University. Ken Griffin asked his parents and friends for money to put into a fund for him to manage and grow in the stock market. They quickly obliged and provided him with over $200,000 in capital for him to play the stocks. He invested their money so well that, not only was his family extremely happy with their return but hedge fund managers and founders also paid him a great amount of attention.
One in particular is Frank C. Meyer, an investor and founder of Glenwood Capital LLC. He gave Kenneth Griffin $1 million to invest any way that he saw fit. Griffin very quickly turned that $1 million into 1.7 million in under a year. Being that he is such a smart and aggressive hedge fund manager, he earned the respect of Frank C. Meyer, an investor and founder of Glenwood Capital LLC as they would soon do business again.
As a seasoned investor and passionate, remarkable leader, he decided that it was best if he start his own company. This is when he created Citadel. The company known only as Citadel is a hedge fund that initially started out with $4.6 million, but quickly grew to over $1 billion in managed funds. The quick rise of success that he attained is not accidental. His skill, determination and hard work in the field of managing hedge funds was finally paying off.
In 2012, he was named Forbes Magazines most successful hedge fund manager because he earned over $3 billion in one year. His status in the hedge fund community grew as thousands of millionaire investors rushed to invest their money in the Citadel fund.
While it is no secret that Ken Griffin is a seasoned investor capable of making millions of dollars for his clients, what is less known is his incredible philanthropy work and his passion for the arts. He invested $200 million into an endowment fund for student scholarships at Harvard University. He also invested thousands and thousands of hours in time to several boards of art enabling foundations. He is a board member for the Art Institute of Chicago, the Museum of Contemporary Art and the Whitney Museum of American Art.
He also has acquired quite a selection of art from around the world created by very popular to unknown artists. In addition to paintings from Picasso, he has also purchased paintings from Paul Czanne and Jasper Johns.
His philanthropic efforts include multimillion dollar contributions to the Chicago Symphony Orchestra, Museum of Contemporary Art and the University of Chicago.