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Ken Griffin: Selling Citadel Stake Could Happen

Chicago, USATuesday, November 26, 2024
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Citadel's founder Ken Griffin hinted that he might sell a small part of his hedge fund someday. He made this comment at an event in New York. Griffin said it was a smart move to sell a piece of Citadel Securities to Sequoia and Paradigm in 2022. This deal put the firm's value at $22 billion. Griffin likes the idea of private partnerships. Citadel has been successful with this model for 30 years. But he's open to change. "We would look for a partner like Sequoia, " he said. This means someone who could help Citadel improve. Recently, there were reports that BlackRock might team up with Millennium, a competitor of Citadel. This could involve buying a small part of Millennium. Griffin wasn't worried about this. He said the focus now is on growing Citadel Securities. He doesn't think an initial public offering will happen soon.
citadel securitiesnew yorkken griffin

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