Reported 1 day ago
Ken Griffin, founder of Citadel, expressed his openness to selling a minority stake in his hedge fund in the future during an event in New York. He highlighted his prior deal with Sequoia and Paradigm in 2022 and mentioned the growing interest in consolidations within the hedge fund industry, referencing talks between BlackRock and competitor Millennium. Griffin emphasized the importance of finding a partner like Sequoia that fosters improvement and indicated that while Citadel Securities is focused on growth, an IPO is not imminent.
Source: YAHOO