Ken Griffin's E-Trade Move: Billionaire's Citadel To Sell As Stock Hits 52-Week High |
| March 14, 2013 | March 2013 Bond Updates |
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Billionaire hedge fund manager Ken Griffin isn’t particularly fond of taking losses on his investments. Since buying into online brokerage E-Trade in November 2007, shares in the company are down nearly 80%, yet the founder of Citadel has reportedly made more than $800 million from the company through different investment tactics. Griffin may be at it again, as Citadel announced it was dumping its remaining 9.6% stake in E-Trade hours after the stock hit a 52-week high. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/03/14/griffins-e-trade-move-billionaires-citadel-to-sell-as-stock-hits-52-week-high/ |