Oct 27, 2008

Citadel's Ken Griffin on market sentiment

I have never seen a market as full of panic as I've seen it in the past seven or eight weeks.

Ken Griffin, founder, Citadel Investment Group, "Citadel's Griffin says firm will change amid turmoil," MarketWatch, October 27, 2008

Despite big losses from Citadel's main hedge fund this year, Griffin said that the recent turmoil has created the best opportunities he's seen since he started trading roughly 20 years ago:
"We're very excited about the positions in our portfolio in the months and years ahead."

(Citadel's largest hedge fund, known as Kensington/Wellington, fell 35% this year, through Oct. 17, according to Chief Operating Officer Gerald Beeson.)

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