Citadel LLC Manages $68 Billion with 19.2% Returns Since 1990

Citadel LLC, managed by Ken Griffin, oversees approximately $68 billion and has achieved average annual returns of 19.2% after fees since 1990. The hedge fund employs 260 PhDs and relies on 100 petabytes of data for its high-frequency trading strategies. Griffin recently shared insights on AI, emphasizing that many companies mislabel productivity gains as AI-derived when they stem from other technologies. His comments suggest investors should critically evaluate companies' claims regarding AI to make informed investment decisions, particularly in technology sectors.