Investing
Griffin Says Scrutiny of SEC Basis Trade ‘Utterly Beyond Me’
- He says the strategy saves US taxpayers billions every year
- Citadel founder comments at Robin Hood Investors Conference
Ken Griffin
Photographer: Saul Martinez/BloombergThis article is for subscribers only.
Citadel founder Ken Griffin rebuffed regulators’ critique of the so-called basis trade, saying their efforts are “utterly beyond me.”
Hedge funds and others who employ the strategy are helping to provide liquidity and fund the Treasury market efficiently, reducing costs for taxpayers, Griffin said Wednesday at the Robin Hood Investors Conference in New York, according to people familiar with the matter.