Ken Griffin News
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Citigroup Inc. promoted Imraan Moola and Rory Hill to run equity-derivatives trading in Europe, replacing the region’s equities boss Ronan Connolly, two people familiar with the matter said.
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As time was running out, Knight Capital Group Inc. Chairman and Chief Executive Officer Thomas Joyce had three choices left -- accept a $500 million bailout from his biggest competitor, take an offer from a group of clients and others that would dilute owners, or go bankrupt.
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Ken Griffin , founder of hedge fund Citadel LLC, said the U.S. must act “fast” to balance its budget before the country reaches a “point of no return.”
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Ken Griffin, founder of $11 billion hedge fund Citadel LLC, is in talks to sell his investment bank and is shutting its equity-research group, ending a three-year effort to build a business he said would rival Goldman Sachs Group Inc., according to two people briefed on the move.
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Patrik Edsparr , chief executive officer of Citadel Investment Group LLC’s securities unit, was asked to leave the firm, seven months after Ken Griffin picked him for the position.
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John List , a University of Chicago economics professor, strides through the Griffin Early Childhood Center chatting with teachers, complimenting girls on their braids and hollering out the window.
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E*Trade Financial Corp. dropped the most in five months after Citadel LLC, its largest shareholder, said it’s selling the rest of its equity stake in the fourth- largest online brokerage by client assets.
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Ken Griffin ’s Citadel LLC lost three senior executives at the securities unit, bringing to nine the number of top-level employees who have departed in the last 15 months.
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Citadel Securities, a unit of Citadel LLC in Chicago, has fired about 10 percent of its staff.
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Wells Fargo & Co., taking advantage of a decision by Citadel LLC’s billionaire founder Ken Griffin to disband his securities business, hired former investment- banking co-chief Brian Maier and about two dozen others.
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