Citadel’s winning streak continued in 2022, with Kenneth Griffin’s hedge-fund and electronic-trading businesses both posting record revenues even as markets swooned, people familiar with the matter said
winning streak continued in 2022, with Kenneth Griffin’s hedge-fund and electronic-trading businesses both posting record revenues even as markets swooned, people familiar with the matter said.
Citadel, the hedge-fund operation with $54.5 billion under management as of Jan. 1, had about $28 billion in revenue, the people said. That far outstripped its prior record of $16.2 billion the year before. The separate Citadel Securities, one of the world’s biggest electronic-trading firms, had $7.5 billion in revenue, up from the prior record of $7 billion in 2021.
The pandemic-era boom in activity by individual investors has benefited Citadel Securities’ so-called retail-wholesaler unit, which executes orders for brokerages such as
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Biden Considers Visit to U.S.-Mexico BorderThe White House is strongly considering adding a visit to the U.S.-Mexico border to President Biden’s trip to Mexico City next week, according to people familiar with the discussions.
Read more »
WSJ News Exclusive | First Female Vice Chair of GE Lists Manhattan Townhome for $10.995 MillionGeneral Electric’s first female vice chair is listing her Manhattan townhouse for $10.995 million. Beth Comstock did a two-year, roughly $2.5 million renovation adding a rooftop deck.
Read more »
WSJ News Exclusive | Samsung’s Consumer-Products CEO Expects Tech Slump to Persist Through 2023Han Jong-hee wants to boost market share by improving integration between Samsung’s gadgets and appliances.
Read more »
WSJ News Exclusive | Amazon to Lay Off Over 17,000 Workers, More Than First PlannedBreaking: Amazon will lay off a total of more than 17,000 employees, a higher number than initially planned, people familiar with the matter say
Read more »
WSJ News Exclusive | Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto MeltdownSilvergate is paring back its businesses after taking a $718 million loss in the fourth quarter selling debt securities to raise cash
Read more »
WSJ News Exclusive | Amazon Layoffs to Hit Over 18,000 Workers, the Most in Recent Tech WaveAmazon’s planned layoffs will exceed initial reports, hitting over 18,000 workers in the coming weeks. It is the largest in a recent wave of cutbacks at major tech companies. WSJWhatsNow
Read more »