441 citadel report
Post on 16-Feb-2017
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Cyrus Andersonandersct
Products
lInvestment fundslOrder routinglMarket making
Financials
l14% of U.S. volume in equities, 30% retaill20% U.S. equity-options volumel773m annual revenuel25b in assets managed
History
lKen Griffin in his dorm at HarvardlStarted with 4.6ml2008 crisis and present-day
What's hot?
lHigher returns than competitorslTrading in ChinalInternational interest rate swaps market
The secret stuff?
l Dinners with insiders
Culture at Citadel
lHedge funds vs bankslWhat recruiters saylTen percent rule
Competition
lLarge investment funds
lMarket makers
lLarge banks and other buy-side guys
Up or down?
lRegulations on Wall StlPosition in the industrylBlack swan events
= up
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