Jul 6, 2017

Hedge fund titan's lesson from the financial crisis

Screengrab / Institutional Investor video

Ken Griffin, founder and CEO of hedge fund giant Citadel, told Institutional Investor in a video interview that his firm's massive losses during the financial crisis were "incredibly humiliating" and caused by an over-leveraged balance sheet:

Don't act like a bank, unless you are a bank. That was a really big lesson learned from 2008.
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