Citadel Staff’s Fund Stake Triples to $9 Billion in Four Years
- Strong returns and deferred capital boosted employees’ assets
- Ken Griffin is the Wellington fund’s single biggest investor
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Citadel employees’ investment in its $45 billion flagship hedge fund surged during the past several years, driven by robust returns and lockups that the firm imposes on a big chunk of their annual compensation.
The assets held by principals and staff in the Citadel Wellington fund jumped to 20% as of Dec. 31 from 12% at the end of 2019, filings show. In dollar terms, the value of their combined stake, including that of founder Ken Griffin, more than tripled to about $9 billion during that span.