No, it is not that redemption gates are coming up again, or that the firm has lost half (or all) of any given team to some other firm that actually doesn't think it is an investment bank-HFT-options-distressed debt conglomerate (ironically Citadel is one of the last investment banks that is not a bank holding company.... when everyone else is a bank holding company...that's ok - Kenny has the balance sheet... until he doesn't), or that it may actually be above its high water mark for the first time in over 2 years... Instead, Ken Griffin recounts the wise words of his first investor and Citadel founding inspiration - grandma Gratz: "While Citadel is remarkably different from what it was 20 years ago, my core vision remains the same, defined by the attributes that my grandmother exemplified - strong character, courageous action, and honor in all her business dealings. These enduring values have underpinned our success and will carry us into the decades to come." Well, when you can't boast with P&L, which is what you actually are paid for, you can at least regale them with stories of your great grandfather's mustache.
Ken Griffin's latest: