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Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin , it has more than $63 billion in assets under management as of June 2024 [update] .
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By 2015 Citadel Securities had become the world's largest interest-rate-swap trader by number of transactions replacing Wall Street banks. [24] In 2016, the company opened a new office in Sydney, Australia. [25] In January 2017, Citadel was fined $22 million by the SEC for misleading clients regarding the way it priced trades. [26]
The company was founded in 1984 in Phoenix, Arizona by Larry Wilson as Citadel Associates Limited Partnership. In 1990 it was renamed Citadel Associates Montana Limited Partnership for the purpose of owning and operating stations in Montana that were formerly owned by CALP. A year later, Citadel Broadcasting was officially incorporated and in ...