Kenneth Cordele Griffin is a director of Investment Funds, was born on October 15, 1968 in Daytona Beach, Florida, and grew up in Boca Raton, Florida, where he attended Boca Raton Community High School. While he was still at Harvard University, he started two investment funds in his bedroom, and between classes he carried out the transactions, installed a special satellite link to his bedroom to obtain market data in real time.
He got his first fund of $ 265,000, partly with money from his grandmother, this allowed him to benefit from a market crash during the stock market crash of 1987. After graduating with a degree in economics in 1989, he called the attention of an investor named Frank C. Meyer, founder of Glenwood Capital. Meyer surprised by Griffin’s success and the rate of return on his investments (which at that time were largely based on convertible bonds), made a relatively small investment with Griffin entrusting him with $ 1 million to invest. Griffin exceeded Meyer’s expectations and according to the New York Times, Meyer made a 70% return on that investment.
When the news spread, investors became interested in supporting Griffin. Founder and CEO of Citadel LLC, an investment firm based in Chicago, considered one of the largest and most successful hedge funds in the world, Griffin has earned billions of dollars during his tenure in the company. As of 2012, it is estimated that it has an estimated net value of $ 3 billion.
Citadel was officially founded on November 1, 1990 with 4.2 million dollars, the name “Citadel” was chosen to suggest the strength of the Company in times of volatility. With $ 13 billion in assets under management, Citadel is one of the largest funds in the world and its daily volume is approximately 3% of the average traded daily in London, New York, and Tokyo. Citadel grew rapidly, and the annual performance has been over 20 percent since 1998. Griffin seeks to use its own quantitative and numerical skills within Citadel, the company has attracted mathematicians, physicists, and engineers, to develop as investment analysts, using advanced computer technology, and expecting a high level of confidentiality. Griffin avoided press coverage in a manner similar to other high-risk fund managers, such as billionaire Steven A. Cohen.
Recently, Griffin has adopted a much more prominent media profile, has also spoken of his art purchases, charitable contributions, and political interests in an interview with the New York Times. With an estimated $ 13 billion (versus an estimated $ 20 billion earlier) in assets under management, Citadel remains one of the largest hedge funds in the world. In 1986, Griffin became interested in investing after reading a Forbes magazine. After spending almost twenty years, Griffin has appeared on numerous occasions in the magazine Forbes 400, as of 2008, his fortune is estimated at $ 3,000 million.
In September 2004, Fortune magazine classified Griffin, 35, as the eighth richest American under forty in the category of those who achieved their fortune on their own in the United States. In 2006, Griffin was the fifth youngest of the seven members of the Forbes 400 list under 40. In July 2004, Griffin married Anne Dias-Griffin in Versailles. Anne Dias is the founder of Aragón de Gestión Global, another investment fund firm based in Chicago, they have two children.