Mamdani reaffirms criticism of Ken Griffin despite Citadel’s warning on $6 billion NYC project
Mayor Reflects on Tax Video and Criticism of Ken Griffin Mayor Zoran Mamdani expressed some regret on Friday regarding a viral video that dragged billionaire Ken Griffin into the spotlight concerning a proposed pied-a-terre tax. When asked if he regretted singling out Griffin during a video shot outside a 24,000-square-foot property on Central Park South—which […]
Ken Griffin, a billionaire, reduced Citadel’s stake in Palantir by 48% and significantly increased his investment in this innovative AI stock.
Key Developments In the second quarter, Citadel divested 48% of its holdings in AI software firm Palantir Technologies. Conversely, Citadel boosted its investment in AI chip giant Nvidia by over 400%. In an interesting twist, Citadel’s second quarter report, as filed in August, shows a shift in hedge fund strategies. Selling 640,000 shares of Palantir, […]
Billionaire Ken Griffin states that Citadel’s move from Chicago was ‘not difficult,’ pointing to crime and taxes.
Ken Griffin’s Hedge Fund Cuts Chicago Presence Billionaire Ken Griffin announced that his hedge fund’s operations in Chicago will be reduced to just two floors. This shift comes as rising crime, high taxes, and other difficulties push employees to move to Miami and New York. “Sadly, for the past six or seven years, Chicago has […]
Citadel’s Ken Griffin attacks SEC cash grab for surveillance
Hedge fund mogul Ken Griffin is reportedly leading a campaign to block U.S. regulators' efforts to force traders to fund a new market-surveillance system. Griffin's Citadel Securities wants to block new rules that would require investors to put money aside for a so-called integrated audit trail system that has already cost an estimated $1 billion. […]