Investing
Ken Griffin’s Macro ‘Dream’ Propels Net Worth to $20 Billion
- Billionaire investor’s flagship fund has surged since March
- His stake in market-making firm jumped to $11.2 billion
Photographer: Patrick T. Fallon/Bloomberg
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Ken Griffin was facing a calamity.
As Covid-19 roiled the economy in March, equities tanked and bond markets went haywire. Hedge funds run by Griffin’s Citadel were taking losses as the computer models that guide some of their decisions struggled to comprehend the pandemic.