Can a $24 Billion Hedge Fund Blow the Whistle? Citadel Thinks So
- Bounties range from 10% to 30% of the recovered amount
- Citadel says it helped identify Igor Oystacher as a spoofer
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A whistleblower typically brings to mind the image of a back-office worker or disgruntled former employee, not a titan of finance.
But Ken Griffin’s Citadel, the operator of a $24 billion hedge fund and a global trading arm, is shattering that mental picture. The Chicago-based firm has filed a request with the U.S. Commodity Futures Trading Commission for whistleblower status, saying it uncovered unscrupulous trading on futures exchanges beginning in 2013, according to two people familiar with the matter who asked not to be named discussing private matters.