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Citadel’s Griffin Says Economy Has ‘Powerful Tailwind’

  • The manager cited a strong labor market, consumer confidence
  • The firm’s main hedge fund had gained about 21% through July
Ken Griffin

Ken Griffin

Photographer: Christopher Dilts/Bloomberg

Citadel’s billionaire founder, Ken Griffin, said the US equity market is showing resilience thanks to a healthy labor market and strong consumer confidence. 

Speaking on Wednesday at the CNBC Delivering Alpha conference in New York, Griffin said Citadel is “very focused on the possibility of a recession,” but he struck a less bearish tone than fellow speakers such as Duquesne Family Office founder Stan Druckenmiller, who predicted that one will happen next year.