Citadel

Citadel has dropped its U.S. lawsuit against Portofino and is now seeking a bankruptcy order against the firm's founder in the UK. The legal action shifts from litigation to bankruptcy proceedings targeting the founder.

Andrew Tobias, a New York City millionaire and member of the Patriotic Millionaires, supports higher taxes on the wealthy. Mayor Zohran Mamdani's recent tax policies, including a pied-à-terre tax, aim to fund city services but face opposition from some wealthy residents like Citadel's Ken Griffin.

Michael Pope, Freestone Grove's natural resources sector head, is leaving the $6.5 billion hedge fund, leading to a strategic pivot away from energy investments toward sectors like technology and industrials. The firm has hired new leaders in tech, media, and event-driven strategies while promoting existing analysts to portfolio manager roles.

Ken Griffin donated $26 million for the construction of the carbon-neutral Theodore Roosevelt Presidential Library in Medora, North Dakota. The library, designed by Snøhetta, will open in 2026 to commemorate America’s 250th birthday and honor Roosevelt’s legacy of conservation and leadership.

Ken Griffin built Citadel, a commodities empire extending beyond financial trading, emerging from the aftermath of Enron.

Over 115,900 young professionals applied for Citadel's internship program, resulting in a record-low 0.36% acceptance rate with 350 interns selected. Citadel and its sister firm, Citadel Securities, offer high salaries ($4,300–$5,800 weekly) and real business responsibilities, with most interns likely to receive full-time offers after the 11-week program.

Citadel warns that the AI boom may face rising costs, while Tether has led a $1.4 billion investment into humanoid robotics. The article also notes the upcoming SpaceX IPO as a relevant context.

Citadel and Citadel Securities accepted 0.36% of interns from over 115,900 applicants, forming their largest class of 350 interns. The interns, primarily from technical backgrounds and top universities, include PhD holders and focus on quantitative research, trading, and engineering. The firms emphasize hiring young talent despite AI-driven workforce changes.

Steve Cohen's Point72 gained 2% in May 2026, achieving a 10.5% year-to-date return. Other major hedge funds like Millennium and Citadel also posted gains, though they underperformed the S&P 500's 11% surge driven by tech and AI stocks. Walleye and North Rock reported small losses for the month.

Citadel is seeking to extend the maturity and increase the size of a $4 billion loan. Global stock markets rose as oil prices fell amid hopes of a potential US-Iran agreement to end a war impacting economic outlooks.

A bond trader is betting on a Federal Reserve interest rate hike, which will be tested by upcoming jobs data. Vornado Realty Trust's office tower development in New York City for Citadel faces risks due to Mayor Zohran Mamdani's proposed tax changes.

A Citadel strategist analyzed prediction market changes during the Memorial Day long weekend to assess potential market movements linked to an Iran deal announcement.

New York City has passed a pied-a-terre tax targeting owners of second homes, with Citadel CEO Ken Griffin highlighted as a prominent figure associated with the policy. The tax, proposed by Mayor Zohran Mamdani, aims to address luxury housing ownership and affordability issues.

New York City Mayor Zohran Mamdani has not received a response from Citadel CEO Ken Griffin after attempting to reconcile over a controversial video criticizing Griffin's Manhattan penthouse. Mamdani proposed a 'pied-à-terre tax' on wealthy property owners, which Griffin called 'creepy and weird,' prompting backlash. Mamdani emphasized his willingness to engage with business leaders to address affordability crises in the city.

NYC Mayor Zohran Mamdani is meeting with Wall Street leaders including JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, despite his previous anti-billionaire rhetoric and pro-taxation agenda. Critics argue this represents a contradiction in his economic policy, as the city's progressive priorities depend on successful businesses and strong tax revenue. Business leaders and economists warn that aggressive tax-the-rich strategies could discourage investment and worsen the city's economic challenges.

Texas Governor Greg Abbott is attracting billionaires from New York City by promoting Texas as a refuge from liberal policies, offering no state income tax and a pro-growth environment. This comes as NYC Mayor Zohran Mamdani advances policies targeting wealthy executives. The influx could mean more jobs and investment for Texas.

New York City Mayor Zohran Mamdani faced backlash over a video filmed outside billionaire Ken Griffin's home, with many calling it 'creepy' and 'unethical'. The video was part of Mamdani's effort to fund a city government expansion. Griffin's company has paid nearly $2.3 billion in city and state taxes over the past five years.

New York City billionaire Steve Roth compared the phrase 'tax the rich' to racial slurs, expressing support for fellow billionaire Ken Griffin. The comment was made in response to New York's mayor announcing a tax on second homes worth over $5m. The tax targets homes valued at more than $5 million.

Billionaire Ken Griffin is clashing with New York City Mayor over taxes and crime, echoing his past tensions with Chicago. Griffin's firm Citadel moved its global headquarters from Chicago to Miami in 2022. The move marked a significant loss for Chicago's economy and influence.

Billionaire Ken Griffin is clashing with New York City Mayor Zohran Mamdani over taxes and crime, similar to his past tensions with Chicago. Griffin's company, Citadel, moved its global headquarters from Chicago to Miami in 2022. The move has resulted in a loss of jobs and investment for Chicago.

Ken Griffin's Citadel is expanding in Miami due to a tax dispute with New York City Mayor Mamdani, who claims the tax system rewards extreme wealth while burdening working people. The expansion is a response to Mamdani's 'poor taste' tax video. This move highlights the ongoing debate about taxation and its impact on different socioeconomic groups.

Billionaire real estate magnate Steve Roth stands strong with fellow billionaire Ken Griffin in a spat with Mayor Zohran Mamdani over taxation of the wealthy. Roth thinks the ultra-rich should be praised and thanked instead of being taxed more. The dispute may impact a $6 billion plan to develop a Midtown office tower.

Citadel’s Ken Griffin paid $45 million for a stegosaurus skeleton, the most expensive fossil ever sold at auction. The article explores why dinosaur fossils are increasingly collected by private millionaires rather than museums and examines the mechanics of the private fossil market, comparing it to art and antiquities markets.

Citadel's CEO Kenneth Griffin met with New York Governor Kathy Hochul amidst a dispute in New York City. The meeting likely addresses ongoing tensions or issues between Citadel and the state.

Ken Griffin of Citadel is meeting with New York Governor Kathy Hochul to discuss the future of New York City amid a dispute with Mayor Zohran Mamdani over Griffin's $238 million Manhattan penthouse purchase, putting a $6 billion tower project at risk.

Citadel has booked additional natural gas transportation capacity on a key pipeline in the US Rockies region. The activity involves drilling operations near Rifle, Colorado, highlighting increased energy sector activity in the area.

Citadel's long-term investment in Spirit Airlines faces increased risk due to the US Rescue Plan. The article highlights concerns over the impact of the plan on the airline's financial stability, as indicated by Spirit Airlines' presence at LaGuardia Airport.

Optiver, a high-speed trading firm, has expanded its operations by hiring a former Citadel trader for options trading and relocated its Sydney staff to a new five-floor office. The move reflects the company's growth in the booming market-making industry.

Citadel, a financial firm, identified an opportunity in distillate cracks within the oil market ahead of potential conflict with Iran. The article references an oil refinery image, highlighting the energy sector's relevance to geopolitical tensions.

Texas is becoming the leading destination for companies relocating from blue states due to its thriving economy, pro-business policies, and legal reforms. Over 2021-2024, Texas saw a 10.1% per-capita economic output increase, with 26 new projects in March alone expected to generate $20.5 billion in investment and 1,241 jobs. Companies like SpaceX, Tesla, and ExxonMobil have redomiciled to Texas, seeking unified legal jurisdiction and regulatory certainty.

Haiti's Culture Ministry has fired workers following a stampede at the citadel that resulted in 25 deaths. At least nine people, including police officers and ministry employees, have been arrested in connection with the incident.