Ken Griffin’s Citadel, one of the world’s most successful hedge funds, has made a US$16 billion profit in 2020 – making it even bigger than John Paulson’s greatest trade ever.
The firm was able to capitalize on the market volatility caused by the coronavirus pandemic and make a huge return on its investments. According to reports, this is more than double what Paulson earned from his famous bet against subprime mortgages during the 2008 financial crisis.
This impressive result further cements Griffin as one of Wall Street’s top investors and shows that he knows how to take advantage of opportunities when they present themselves. It also highlights just how much money can be made from investing if you know what you’re doing and are willing to take risks with your capital.
Despite all this success though, Griffin still remains humble about his achievements and insists that luck played a big part in his profits for 2020 too!
Read more at scmp.com
