What We Do | Citadel (2024)

Extraordinary
People

Talent from across finance, science, technology and other fields gather here.

Our firm is a place for extraordinary growth. Our people benefit from our unparalleled resources and learn from the talent assembled around them.

This combination of talent, collaboration and inspiration empowers our people to work at the peak of their potential.

Superior Analytics and Technology

Technology is the lifeblood of our firm. Our ambitious thinking frequently requires innovations that don’t yet exist—so it’s up to us to build them.

Our engineering and quantitative research teams drive us forward with proprietary technology and tools, models and algorithms created in partnership with the investment teams. Their ingenuity solves entirely new problems in often surprising ways. And as technology evolves, so do we.

Disciplined Risk Management1

Risk managers are specialists in the asset classes they cover, enabling more productive dialogue with investment professionals.

The Portfolio Construction and Risk Group operates independently of our investment team and reports directly to the CEO. The Group identifies key risk exposures and performance drivers, monitors risk tolerance levels, fosters a strong risk management culture and refines the technology platform that provides the firm with robust analysis.

From our Risk Management Center, the firm’s positions experience constant monitoring, review and automated testing—with investment professionals using constantly updated stress-testing scenarios.

What We Do | Citadel (2024)

FAQs

What We Do | Citadel? ›

Superior Analytics and Technology

What does Citadel actually do? ›

Citadel is a multinational hedge fund with an AUM of >$250B. The firm employs a variety of investment strategies across equities, fixed-income, commodities, credit, and quantitative trading. Citadel was founded in 1990 by Ken Griffin and is headquartered in Chicago, Illinois.

What is The Citadel controversy? ›

The SEC found that, between 2015 and 2020, Citadel Securities mismarked millions of sell orders due to a coding error in their automated trading system, obstructing regulatory oversight. The firm agreed to a settlement by consenting to a $7 million penalty, without admitting or denying the findings.

What are the principles of The Citadel? ›

Our Citadel family is dedicated to the principles of duty, honesty, loyalty, integrity and accountability. These tenets define The Citadel's mission to prepare its graduates to be principled leaders in all walks of life.

How much of Citadel does Ken Griffin own? ›

Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund.

How powerful is Citadel? ›

Citadel LLC is one of the largest hedge funds based in the U.S., with approximately $92.46 billion in total assets under management as of Sept. 30, 2023. Citadel has generated roughly $74 billion in total gains since its inception in 1990, making it the most successful hedge fund of all time.

Does Citadel still exist? ›

Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $58 billion in assets under management as of January 2024.

Can females go to The Citadel? ›

From the first female athlete to the first female regimental commander, women at The Citadel have continuously shattered barriers while leaving a lasting mark of excellence on the institution. For more than 150 years, the South Carolina Corps of Cadets was an all-male institution.

What is the reputation of The Citadel? ›

The Citadel, The Military College of South Carolina is ranked #2 out of 136 Regional Universities South. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.

Is The Citadel Based on a true story? ›

The dialogue in this semi-autobiographical story about a talented young Welsh doctor was quite good. The cases and threads were also convincing. The doctor, Andrew, and his wife, Christine, were both likable characters.

What is the plot of The Citadel? ›

Global spy agency Citadel has fallen, and its agents' memories were wiped clean. Now the powerful syndicate, Manticore, is rising in the void. Can the Citadel agents recollect their past and summon the strength to fight back?

Why is citadel called citadel? ›

The term is a diminutive of city, meaning "little city", because it is a smaller part of the city of which it is the defensive core. In this seventeenth-century plan of the fortified city of Casale Monferrato the citadel is the large star-shaped structure on the left.

What is the point of The Citadel? ›

Throughout its history, The Citadel's primary purpose has been to educate undergraduates as members of the South Carolina Corps of Cadets and to prepare them for post-graduate positions of leadership through academic programs of recognized excellence supported by the best features of a military environment.

Who is Ken Griffin's billionaire? ›

Kenneth Cordele "Ken" Griffin (born October 15, 1968) is an American hedge fund manager and businessman. He is the founder, chief executive officer and Co-chief investment officer of Citadel LLC and Citadel Securities. The two businesses provide trading services to asset managers, banks, broker-dealers and hedge fund.

Who is the largest shareholder of Citadel? ›

Citadel Group is not owned by hedge funds. Miles Jakeman is currently the largest shareholder, with 8.6% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.0% and 6.4%, of the shares outstanding, respectively.

How much money does Citadel make per year? ›

The firm posted about $6.3 billion in net trading revenue last year, down from a record of around $7.5 billion in 2022, said the people, asking not to be identified disclosing private information. A representative for Citadel Securities declined to comment.

How is Citadel making so much money? ›

Commodities is one of five core strategies at Citadel, along with equities, credit and convertibles, quantitative strategies and fixed income and macro. Citadel tops the list of hedge funds that have had the biggest profits since launch, with about $74 billion in net gains, according to estimates by LCH Investments.

What type of trading does Citadel do? ›

Citadel Securities engages in proprietary trading, where it trades with its own capital to take advantage of price discrepancies in the markets. This can include various arbitrage strategies, where the firm exploits price differences between related assets or markets.

What is the objective of the Citadel? ›

As a higher education institution, The Citadel's mission is to educate and develop our students to become principled leaders in all walks of life. This is done by instilling the core values of The Citadel (Honor, Duty and Respect) in a disciplined and intellectually challenging environment.

What does Citadel do as a market maker? ›

We have the strongest balance sheet of any New York Stock Exchange Designated Market Maker. We combine financial strength with predictive analytics, allowing us to provide meaningful liquidity and ensure a fair and orderly market.

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