Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Imagesand start reading now.
But with the firm hitting its three-decade anniversary — surviving several market crashes, presidential elections, and now a pandemic — Griffin told employees in a memo sent yesterday that "there was one truth I held dear" back in 1990 that helped get the firm from where it was then to the $35 billion behemoth it is today.
Citadel, which was partially seeded by Griffin's mentor Frank Meyer, the founder of Glenwood Capital Investments, has already cemented its name alongside the most successful hedge funds of all time, like Julian Robertson's Tiger Management and George Soros' eponymous firm. LCH Investments has put Citadel as the third-most profitable hedge fund of all time behind Soros and Ray Dalio's Bridgewater, and found that, as of the end of last year, Citadel has returned a net of $35.
We are all coming for you Griffin when our collective taxes are raised.
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