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“#Robinhood and Citadel come under fire during Reddit Rally hearing” The Reddit Rally saga made its way to Capitol Hill on Thursday with key players like billionaire Ken Griffin getting reamed out by lawmakers probing whether small investors are given a fair shake in investing. “You are doing a great job of wasting my time,”…
“#Ken Griffin expected to testify at House ‘Reddit Rally’ hearing” Congress is eyeing both Main Street and Wall Street to testify at its upcoming “Reddit Rally” hearing, including billionaire trader Ken Griffin. The hearing before the House of Representatives on Feb. 18 is expected to include testimony from Griffin, founder and CEO of investment giant…
“#This short seller just got a $2.75 billion bailout” Hedge fund giants Steve Cohen and Ken Griffin are joining forces to bail out a fellow trader whose positions in runaway stocks like GameStop have been getting hammered. Griffin’s Citadel and Cohen’s Point72 Asset Management are investing a combined $2.75 billion into Melvin Capital Management, which…
“#Ken Griffin sells Faena House penthouses in Miami at a loss” Billionaire hedge funder Ken Griffin has developed a reputation for spending big on real estate — setting new records from New York to Miami. Now he’s selling at a loss. In 2015, Griffin paid a then-record $60 million for two penthouse units at the Faena…