DIRS.INFO The most relevant business & tech news

☆ More than 300 interns at Citadel and Citadel Securities start next week. Here's how Ken Griffin's firms ramped up their program and recruiting.
▼ + stars: | 2024-05-31 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Read previewIn the fierce fight for the best and brightest across finance, tech, and more, Ken Griffin's Citadel and Citadel Securities have expanded their pursuit of the freshest talent. There's a growing awareness from top students about finance beyond the big-name banks, according to Fabian Figi, Citadel Securities' head of campus recruiting. Citadel Securities also holds a Ph.D. summit, where advanced graduate students can present their research to firm leaders. Citadel Securities CEO Peng Zhao. Tina Lu, a former Citadel Securities intern at the Wisconsin bubble, said it's a hallmark of the firm to let people prove themselves.

Persons: —, Ken Griffin's, It's, We've, Matt Mitro, Goldman Sachs, There's, Fabian Figi, Griffin, Citadel's, Figi, Shehan Suresh, Peng Zhao, Suresh, Tina Lu, I've, Lu, Mitro Organizations: Service, Citadel Securities, Business, Citadel, JPMorgan Chase, New, MIT, Stanford, Georgia Tech, University of Texas, Carnegie Mellon, Oxford, Harvard, Ivy League Locations: Wisconsin, New York, Miami, Chicago, Penn, Harvard, Fort Lauderdale

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Elon Musk and Jeff Bezos hang out with celebrities in Miami during the F1 Grand Prix weekend
▼ + stars: | 2024-05-05 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

The Miami Grand Prix took place this weekend. AdvertisementBillionaires mingled with athletes and celebrities this weekend during the Miami Grand Prix. The third-annual Miami Grand Prix officially kicked off on Friday, with racers like Max Verstappen and Daniel Ricciardo duking it out on the Miami International Autodrome. Alexander Tamargo/Getty ImagesElon Musk also made an appearance during the Miami Grand Prix weekend. Alexander Tamargo/Getty ImagesAlthough the Miami Grand Prix is a spectacle that draws F1 fans from all walks of life, it also helps boost the local economy.

Persons: Jeff Bezos, Elon Musk, —, Max Verstappen, Daniel Ricciardo duking, Tom Brady, Clive Rose, Page, Miami Mayor Francis Suarez, Alex Spiro, Jamie Saltar, Brady isn't, Bezos, Brady, Ken Griffin, Alexander Tamargo, Musk, Ken Griffins, Jared Kushner, Ivanka, Romain Maurice, Ivanka Trump, LeBron James, Patrick Mahomes Organizations: Miami, Prix, Elon, Service, Miami Grand Prix, Miami International, NFL, Sports Illustrated, Miami Mayor, Getty, Express, Citadel, Citadel Securities, Ivanka Trump, Los Angeles Lakers, Kansas City Chiefs, Athletic Locations: SoFlo, Miami, Bezos, Citadel, Chicago, South Florida, Miami , Florida

☆ Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.

Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas

☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ From the ocean views to naming the crocodiles: 4 Citadel employees open up about life in Miami two years after Ken Griffin made Florida his new home
▼ + stars: | 2024-03-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +18 min

Two of the people we spoke with moved from New York City, one from London, and one from Seattle. Citadel's Miami office overlooks the Biscayne Bay and downtown Miami. Citadel and Citadel Securities also cover the cost of a weeklong visit to Miami for employees and significant others who are considering moving there. Cupjin Huang just started his job as a quant researcher for Citadel Securities this year. AdvertisementCupjin Huang, a quant researcher at Citadel Securities, in Miami with his dog Rufus.

Persons: —, it's, Ken Griffin, Thoma Bravo, Goldman Sachs, Griffin, Lin, Manuel Miranda's, Hamilton, Maksim Solovjov, Miami doesn't, Rich Cummings, there's, Liz Boyhan, Cupjin Huang, Huang, Rufus, Pitbull, that's, Cummings, Solovjov, It's, you'll, Alexander Spatari, Inrix, she's, haven't, Fortune, he's, Boyhan, I've, fiancé Organizations: Service, Southeast Financial Center, Citadel Securities, Business, Bloomberg, Citadel, Citadel Citadel, Miami Dolphins, Miami, Prix, Citadel's, Downtown, Alibaba, BI, Key, New, New York City, Transportation, Fairchild, Botanic, Miami - Dade, Miami Beach, Google, UBS Locations: Miami, Biscayne Bay, Fisher, South Beach, York, Wall, New York, United States, New York City, London, Seattle, Magic, Bay, Florida, Downtown Miami, Brickell, Chihuahua, Hawaii, —, Orlando, Los Angeles, Coral Gables, Fairchild, Italian, Tua, Solovjov, Manhattan

☆ How Hedge Funds Are Betting on Electricity and the Changing Power Grid
▼ + stars: | 2024-03-05 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +19 min

A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.

Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia

☆ The latest way workers want to upend the workplace is a blast from the past
▼ + stars: | 2024-02-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

What's on deck:This story is available exclusively to Business Insider subscribers. Long considered the bane of white-collar workers' existence, people now view cubicles as a sanctuary instead of a jail cell. AdvertisementCalling for a return to the cubes might seem odd when so many are pushing to evolve the workplace. Experts told Business Insider that a wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. Get in touchAdvertisementinsidertoday@insider.comTo read unlimited articles, subscribe to Business Insider.

Persons: —, It's, Rebecca Zisser, Long, Kelli María Korducki, haven't, Korducki, cubicles, Ken Griffin, Vernon Yuen, Jerome Powell, Donald Trump, buybacks, Tammi Jantzen, Joe Rogan, Both Rogan, BI's Peter Kafka, Jenny Chang, Rodriguez, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Corporate, Citadel, Getty, Federal Reserve, Deutsche Bank, Spotify, Bureau of Labor Statistics, Boomers, Caterpillar Inc Locations: Silicon Valley, Wellington, Astarte, China, New York, London

☆ Citadel is on top, and Schonfeld is picking up steam. Here's how hedge funds kicked off the new year.
▼ + stars: | 2024-02-02 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Hedge funds are off to a good start in 2024 after mediocre performance last year. January returns were strong at multi-strategy managers like Citadel, Point72, and Millennium. A leaner Schonfeld closed out a rough 2023 on high note, and it's kept the momentum going in 2024. In 2023, even the best multi-strategy hedge funds trailed the broader stock market. Citadel led its peers with a 15.3% gain last year, but the S&P 500 notched a total return of 26.3%.

Persons: it's, Ari Glass Organizations: Citadel, Business Locations: Point72, Wellington

☆ October was a scary month for stocks, but multi-strategy hedge funds saw some gains. Here's how funds including Citadel, Millennium, and Point72 performed.
▼ + stars: | 2023-11-06 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Stocks slid for the third consecutive month in October, but top hedge funds fared better. Multi-strategy hedge funds mostly produced positive returns, continuing a recent run of strength. Citadel, Point72, and Schonfeld each saw gains of 1% or better last month. Stocks fell for the third consecutive month in October. Multi-strategy hedge funds have fared better over that spell, including mostly positive performance in October.

Persons: Stocks, Point72 Organizations: Citadel Locations: Point72

☆ Billionaire hedge fund boss Ken Griffin pays for 1,200 staff and family members to visit Disney Tokyo and hear performances by Maroon 5 and Calvin Harris
▼ + stars: | 2023-10-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Citadel's Ken Griffin treated roughly 1,200 staffers and family members to a visit to Tokyo Disneyland. The event, honoring Citadel's 30th anniversary and Citadel Securities' 20th, also included a Maroon 5 concert. Griffin, worth $35.4 billion, treated staff to a Disney World trip and Coldplay concert last year. AdvertisementAdvertisementHedge fund boss Ken Griffin paid for more than 1,000 Citadel and Citadel Securities employees and family members to go to Disney in Tokyo last week in honor of the companies' recent anniversaries. The roughly 1,200 attendees, including about 300 children, received tickets to Walt Disney World Tokyo, including Tokyo Disneyland and DisneySea, and saw musical performances by Maroon 5 and Calvin Harris, the company told Insider.

Persons: Citadel's Ken Griffin, Citadel's, Griffin, —, Ken Griffin, Maroon, Calvin Harris, We've, Coldplay Organizations: Citadel Securities, Disney, Coldplay, Service, Citadel, Walt Disney World, Bloomberg, Disney World, Universal Studios Locations: Tokyo, Asia Pacific, Hong Kong, Singapore, Sydney, Shanghai, Canada, Europe, Asia

☆ Inside Citadel Securities' six-week-long training for newbie traders, where playing poker and learning to fail are part of the job
▼ + stars: | 2023-10-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

Citadel, a hedge fund, and Citadel Securities, its sister market-making firm, were founded by billionaire Ken Griffin in 1990 and 2002. This work-hard, play-hard culture is evident in the firms' training of new employees, including its most junior ranks. They also had a Q&A with Peng Zhao, the CEO of Citadel Securities, who touched on how to prioritize time and find ways to be a leader, among other topics. The training program hasn't always been quite this involved. Fan lives in New York and will be based in Citadel Securities' Manhattan office.

Persons: onboarding, Ken Griffin, Griffin, Pete Becker, PATRICK T, FALLON, Peng Zhao, hasn't, It's Becker's, Becker, Joe DeNotta, Olivia Fan, Olivia, DeNotta, would've, It's, Pete, Andrew, We'll, We've, They're, Fan Organizations: Citadel Securities, Disney, Citadel, New York Stock Exchange, Getty, Harvard, MIT Locations: Midtown, New York, Manhattan

☆ Citadel Securities is looking for business-savvy coders. Here's what you need to know to land a technologist job that can pay as much as $350,000.
▼ + stars: | 2023-10-19 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Being a solid coder isn't going to cut it at Citadel Securities anymore. Citadel Securities, which generated about $7.5 billion in revenue last year, is now focused on hiring thoughtful technologists who drive commercial outcomes for the firm. We're looking for people who can drive a big commercial impact for the firm," Aaron Moss, head of technology recruiting for Citadel Securities, told Insider. In one recent case, Citadel Securities extended an offer to a promising young intern, even though the hiring manager had been looking for a more experienced hire. "The industry is getting very high level with things like AI, which push people even further away from that understanding," Neff told Insider.

Persons: Ken Griffin, Aaron Moss, Josh Woods, It's, Olga Naumovich, Jayson Bevacqua, opportunistically, Damien Neff, it's, Neff, Costas Bekas, extroverts, Bekas, didn't, Moss Organizations: Citadel Securities, Citadel, Solaris Search, LinkedIn Locations: Miami

☆ Analysis: Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.

Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine

☆ Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

☆ Citadel ready to battle SEC over WhatsApp probe, Bloomberg reports
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSept 27 (Reuters) - Billionaire Ken Griffin's Citadel will take a tougher stance against the U.S. Securities and Exchange Commission and is willing to take the regulator to court over its WhatsApp probe, Bloomberg News reported on Wednesday citing people familiar with the matter. The firms targeted by the SEC include Carlyle Group (CG.O) , Apollo Global Management(APO.N), KKR & Co (KKR.N), TPG (TPG.O), and Blackstone(BX.N), as well as some hedge funds such as Citadel. Citadel did not immediately respond to a Reuters request for comment. Reporting by Pritam Biswas in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Bourg, Ken Griffin's, Pritam Biswas, Krishna Chandra Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Bloomberg, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Thomson Locations: Washington, Miami, Bengaluru

☆ What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone
▼ + stars: | 2023-09-04 | by ( Kaja Whitehouse | Michelle Abrego | ) www.businessinsider.com time to read: +11 min

According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.

Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, —, Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City

☆ Inside Citadel's $19,000-a-month summer internship, where math whizzes are coached on everything from coding to drafting emails
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Hedge fund Citadel selected 300 candidates from a pool of 69,000 applicants for its summer internship. AdvertisementAdvertisementHedge fund Citadel and trading firm Citadel Securities run a highly-coveted summer internship program that runs for 11 weeks. AdvertisementAdvertisementAccording to Bloomberg, Citadel brings in professional trainers to help them better communicate. During Citadel's summer programs, interns lodge at upscale hotels like Hong Kong's Fullerton Ocean Park Hotel, a Citadel spokesperson told Insider on Tuesday. AdvertisementAdvertisementKen Griffin, the majority owner of Citadel and Citadel Securities, is worth $37 billion, according to Bloomberg's Billionaires Index.

Persons: Kristina Martinez, Citadel's, Ken Griffin Organizations: Citadel, Bloomberg, Morning, Citadel Securities, Park, Stanford Locations: Hong

☆ Inside Citadel's $19,000-a-month summer internship, where interns are taught how to schmooze and are judged on the length of their emails
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Hedge fund Citadel selected 300 candidates from a pool of 69,000 applicants for its summer internship. AdvertisementAdvertisementHedge fund Citadel and trading firm Citadel Securities run a highly-coveted summer internship program that runs for 11 weeks. AdvertisementAdvertisementDuring Citadel's summer programs, interns lodge at upscale hotels like Hong Kong's Fullerton Ocean Park Hotel, a Citadel spokesperson told Insider on Tuesday. Ken Griffin, the majority owner of Citadel and Citadel Securities, is worth $37 billion, according to Bloomberg's Billionaires Index. Citadel posted its strongest results to date in 2022 when it made about $28 billion in revenue, while market maker Citadel Securities raked in $7.5 billion in revenue.

Persons: Kristina Martinez, Citadel's, Ken Griffin Organizations: Citadel, Bloomberg, Morning, Citadel Securities, Park, Stanford Locations: Hong

☆ BlackRock applied to launch a bitcoin fund. Then came the conspiracy theories.
▼ + stars: | 2023-06-21 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

Crypto influencers seized on BlackRock's application to launch a bitcoin exchange-traded fund. Some said it sends a bullish sign to the wider crypto market; others spread conspiracy theories. The attention underscores the relatively new scrutiny BlackRock faces in the mainstream. "So BlackRock, Citadel, Deutsche Bank and NASDAQ have all started to enter the crypto space in the last week. Citadel, BlackRock, Schwab JPMorgan…" (These tweets refer to Citadel, the hedge fund founded and led by billionaire Ken Griffin.

Persons: Crypto influencers, BlackRock, Matt Hougan, Michael Novogratz, Brian Armstrong, Morgan Chittum, permissioned blockchains, Fink, bitcoin, Crypto, They've, Schwab JPMorgan …, Ken Griffin, Griffin, That's, Rich Latour, Latour Organizations: BlackRock, Morning, US Securities and Exchange Commission, Coinbase, Bitwise Asset Management, Galaxy Digital, SEC, Citadel, Deutsche Bank, NASDAQ, Citadel Securities Locations: bitcoin, BlackRock, cryptoland

☆ Rising the ranks at Citadel Securities: How this 31-year-old rose from intern to head of foreign exchange in 5 years
▼ + stars: | 2023-06-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades. Just ask Soeren Kuenzel, the head of foreign-exchange trading at Citadel Securities who's now responsible for billions in complicated currency trades at just 31 years old. It was sponsored by Citadel, the hedge-fund firm led by the billionaire Ken Griffin, alongside the market maker Citadel Securities. Citadel Securities, launched by Griffin in 2002, is one of the biggest trading houses matching sellers and buyers of stocks, bonds, and currencies across the globe. He finished his doctorate at Berkeley in 2019 and began working that fall as a quant researcher at Citadel Securities full time in Chicago.

Persons: Soeren, Soeren Kuenzel, Kuenzel, Ken Griffin, Griffin, Fang Wu, Wu, It's, Yale's, I've, he's, that's, Alex Morell Organizations: Citadel Securities, FX, University of California, Facebook, Apple, Citadel, New York Stock Exchange, Chicago, Berkeley, Yale's men's, Cape, Cape Florida Lighthouse Locations: Berkeley, Miami, Europe, Chicago, Germany, Cape Florida

☆ Wall Street is finding the silver lining on inflation, but how long will the 'good' times last?
▼ + stars: | 2023-06-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But on Wall Street, a crisis is just a bit of financial engineering away from becoming an opportunity to make money. That's where inflation traders come in. The strategy of betting on the swings in consumer prices has exploded in recent years, with revenues from inflation trading going from $700 million in 2019 to $3.9 billion in 2022. And while inflation trading has the potential to generate some big returns, making your money back on hires like these might be a tall task if inflation has a short shelf life. More on where the top players in inflation trading are landing amid a heated war for talent.

Persons: Dan DeFrancesco, we've, Goldman Sachs, I've, Malte Mueller, Insider's Kaja Whitehouse, Kaja, Ben Stiller, Owen Wilson, Elon Musk, Goldman, Citadel's Ken Griffin, Dara Khosrowshahi, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Labor Statistics, Federal, Paramount, BlackRock, Tech, LinkedIn Locations: BlackRock, China, New York, London

☆ The inflation trader hiring frenzy: Where top players are landing as the war for talent heats up
▼ + stars: | 2023-06-14 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +2 min

Inflation trading has gone from a backwater to a $4 billion business as consumer prices careen. It's led to a rush of hiring by banks and hedge funds eager to tap top talent. Insider breaks down the biggest departures, promotions, and hires in inflation trading. Inflation trading isn't new, but up until the last two years, it was a bit of a backwater. It's Winkworth's second move since the renaissance in inflation trading — he joined Deutsche from Morgan Stanley in 2021.

Persons: It's, Jimmy Carter, Joaquin de Soto, Goldman Sachs, Jordan Lange, Carrington Fox, Igor Cashyn, Guy Winkworth, Sukhjeet Atwal, Morgan Stanley, we'll Organizations: Citadel, Barclays, May, JPMorgan, Deutsche Bank, Deutsche

☆ Citadel's Ken Griffin says the A.I. community is making a mistake by creating so much hype
▼ + stars: | 2023-06-07 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Ken Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage. "I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI," Griffin said Tuesday during an event for Citadel's new class of interns in Fort Lauderdale, FL. "I think they're actually doing everybody a huge disservice with the level of hype they are creating." One industry that could see a material impact from AI is programming and software engineering, Griffin said. "Programing is going be a big target for generative AI," Griffin said, asked by an intern about AI's impact on his business.

Persons: Ken Griffin, Griffin, chatbot, Warren Buffett Organizations: Citadel, Nvidia, AI Safety, Harvard, MIT, Citadel Securities Locations: Fort Lauderdale , FL, Fort Lauderdale, Palm Beach

☆ Citadel's red-hot run has led to a new problem: It's harder than ever to nab an internship there
▼ + stars: | 2023-06-05 | by ( Paige Hagy | ) www.businessinsider.com time to read: +6 min

Billionaire Ken Griffin's Citadel internship program is attracting more students than ever before. Citadel, the $57 billion hedge fund, and market maker Citadel Securities recruit hundreds of undergraduate and graduate students every year for an 11-week summer internship program. The internship starts Monday, with a kickoff week at the Four Seasons in Fort Lauderdale and Palm Beach. "We think of campus recruiting very much the same way that other firms think of executive recruiting," Mitro said. "All of it is geared towards simulating what life would be like for them if they were to join the firm," Mitro said.

Persons: Ken, Matt Mitro, Griffin, Mitro, It's, it's, commerciality, UT Austin — Organizations: Citadel, Citadel Securities, New, Wayback, NASA, US Army, MIT, UC Berkeley, Harvard, Stanford, Princeton, UT Austin, Mathematical Association of America, Intercollegiate, Discover Citadel Locations: Fort Lauderdale, Palm, Citadel, Miami, New York City, Singapore, Paris, Palm Beach, New York, Chicago, London, Hong Kong

Search resuls for: ". Citadel"

25 mentions found