Shortly after it was revealed that Citadel’s billionaire founder, Ken Griffin, purchased a New York penthouse for the record price of $240 million in January confirming once and for all that frontrunning retail orders really does pay, speculation grew that the Chicago-based hedge fund was relocating from the Windy City to the Big Apple. However, following Amazon’s recent close encounter with New York socialists which prompted Bezos to scrap plans for a Long Island City HQ2, Griffin may stick to frontrunning the CME instead of the NYSE.
In an interview with David Rubenstein on Bloomberg TV, Griffin said he’s less likely to move Citadel’s headquarters to New York City in the wake of Amazon.com’s decision to abandon plans to expand into Queens.
This post is from ZeroHedge. We encourage our readers to continue reading the full article from the original source here.