Company News / Adam Cooper, Citadel's Chief Legal Officer, To Retire After 18 Years of Service December 20, 2016 Share on 1 / 12 Company News Hedge Fund Journal Lists Three Citadel Women Among 50 Leading Women in Hedge Funds View Article 2 / 12 Company News Ken Griffin Moving Citadel From Chicago to Miami View Article 3 / 12 Company News Ken Griffin Net Worth Jumps $6.5 Billion After Citadel Securities Deal Adam Cooper is a member of Richest Celebrities and Dancers. [23][24][25], In January 2021, Citadel and Point72 Asset Management invested $2.75 billion in Melvin Capital, after Melvin Capital lost 53% of its value owing to the GameStop short squeeze. While he has participated in several profiles over the years (including one in this magazine in October 2005), he declined an interview for this story through a spokeswoman. Citadel Hedge Group Raids SEC for Compliance Chief - TheStreet Adam Cooper was born in in July 22, 1971. , SmartMoney, May 6, 2011 (5 stars for Trading Tools); Elizabeth Ody, The Best of the Online Brokers for 2011 , Kiplingers Personal Finance, February, 2011 (5 stars for Web Site Usability and Customer Service). His net worth has been growing significantly in 2020-2021. Citadel LLC - Wikipedia The next year, Meyer helped Griffin raise $4.6 million to found Citadel Investment Group (known now as Citadel). Citadel Solutions - Citadel's fund-administration arm. Their wedding featured a reception at Versailles that Fortune says included performances by Cirque du Soleil and Donna Summer. "Land of the Giants" (PDF). Do you think anyone would trust their product line to a 17-year-old kid? he told the paper. [40], Citadel manages funds across five different investment strategies including equities, commodities, fixed income, quantitative strategies, and credit. Ken Griffin founded Citadel Securities in 2001. adam has 1 job listed on their profile. See here for a complete list of exchanges and delays. [42] To achieve this move, Citadel, through capitalization via their funds, entered the reinsurer industry, which provides insurance companies with their own policies to spread the risk of losses that they have given to their customers, in 2004 by founding CIG Reinsurance Ltd (CIG Re), a Bermuda-based catastrophe reinsurer providing $450 million in capital. Griffins earliest investment strategy took advantage of a systematic inefficiency in the market for convertible bonds, which are company bonds that can be converted into stock. Still, there were a few fund that delivered impressive returns such as Bill Ackman's Pershing Square. Despite a rough 2008, Griffin acted in 2009 to build an investment-banking operation to take advantage of the market hole left by collapsed i-banks. Citadel runs the biggest hedge fund in Chicago, with about $26 billion under management. Ben Bernanke, the former Federal Reserve chair who has been working with Citadel as an adviser, said Citadels success is rooted in its ability to attract some of the strongest minds in the industry and its commitment to doing business the right way. Meyer entrusted $1 million of Glenwood cash to Griffin, who produced an attention-getting one-year returnThe New York Times reported it as 70 percent. [62] Griffin said in front of the Senate Banking Committee that from his perspective "the U.S. equity markets are the fairest, most transparent, resilient and competitive markets in the world. Cooper has been working closely with Citadels founder, Ken Griffin, for nearly two decades. Our Standards: The Thomson Reuters Trust Principles. When public opinion goes against your business, do as Citadel Investment Group has and hedge with a heavy-hitting global compliance director. He and Anne also started the Kenneth and Anne Griffin Foundation in October 2009. He was with the firm when it suffered a roughly 50 percent loss in its main fund during the financial crisis and as it rebounded, and most recently expanded its equities business aggressively. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Dancer Adam Cooper's net worth is $42 Million at the age of 48 years old. [36], In 2014, Citadel became the first foreign hedge fund to complete a yuan fundraising as part of a program to allow Chinese investors to invest in overseas hedge funds. It is also time to move toward a Board that is accountable and responsible. [10] When hedge fund Long Term Capital Management collapsed later that year, Citadel's capital lockdown made it "a rare buyer, as desperate hedge funds unloaded bond inventory". Sign up for notifications from Insider! Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of February 2017, Zia Ahmed, a spokesman for the firm said. Your information will never be shared with any third party. Griffin has frequently appeared near the top of the list of biggest earnersand once at the top of the list of the biggest losers, for Citadels disastrous 2008. Federal and Illinois databases for political contributions contain 275 records for Ken and Anne Griffin, totaling $3,038,091. [9], In 2007, Citadel invested $2.5 billion in E-Trade. Neither Symmetric nor its content providers are responsible for any damages or losses arising from any use of this information. E*TRADEs Board must take immediate action to consider how best to maximize shareholder value. Griffin told the Chicago Tribune in 2006, I hope in 15 or 20 years well have the same reputation that General Electric had: People have great careers at Citadel, and if they leave, they have great careers elsewhere. Not every Citadel vet has had smooth sailing, however: ALEC LITOWITZ An employee until 2003, Litowitz created the Evanston-based hedge fund Magnetar in 2005. Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of February 2017, Zia Ahmed, a. Kenneth Cordele Griffin was born October 15, 1968, and grew up largely in Boca Raton, Florida, with some time in Texas and Wisconsin. "Adam has made many valuable contributions in helping build Citadel into one of the world's leading financial institutions. Shawn graduated magna cum laude from Harvard Law School in 1994 and was a recipient of the Sears Prize. We thank Adam for his nearly two decades of dedication to Citadel. Adam Cooper, Citadel | IFLR [11] In November 2006 Citadel issued $2 billion of investment grade bonds to borrow money at a lower rate than it would otherwise be able to. We urge the Board to retain qualified, independent and unconflicted financial advisors to explore strategic opportunities in the interest of increasing shareholder value. Citadels assets plunged in value, and Griffin found himself forced to put up gates (that is, forbid investors to withdraw their money). Adam Cooper - Age, Bio, Personal Life, Family & Stats - CelebsAges [18] It was leveraged 7:1 and the biggest funds at Citadel finished 2008 down 55%. Ms. Keefe had been regional director of the Securities and Exchange Commission's Midwest office since 1994; she joined the agency in 1982. [44][45][42] In 2006, Citadel's two funds had approximately 10 percent of its assets invested in reinsurance. [13][14] Citadel sold its remaining stake in E*Trade in 2013. Having endured nearly four years of value destruction and lost opportunity, we believe it is time for change. Citadel-Owned Centricus Appoints Adam Aron As Director AKA The Movie Stay up to date with what you want to know. CORRECTED - UPDATE 1-Citadel wins injunction against Teza She began her job as regional director responsible for a nine-state area of the Midwest in July 1994. 2020 Chicago magazine / A Chicago Tribune Media Group website. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. Photo: Matthew Staver/Bloomberg via Getty Images, 21 Of The Coolest Perks For Hedge Fund Employees. Continue to the next page to see Adam Cooper net worth, estimated salary and earnings. [54], In November 2006, Citadel became the second hedge fund to publicly issue bonds to investors in the form of senior unsecured debt totaling $2 billion, in an arrangement managed by Lehman Brothers and Goldman Sachs. He oversees the creation of the trading technology that forms the essence of Citadels business. Citadel is a global investment firm built around world-class talent, sound risk management and powerful and innovative technology. Hes the billionaire founder of the Chicago-based hedge fund Citadel. [39] Citadel returned $16 billion to its clients in 2022, which was a record annual return for both the fund of American investor Kenneth Griffin and the entire industry. The partnership combines Citadel's order management system (OMS) with REDI's execution management capabilities (EMS). Griffin first appeared in Forbes magazines list of the 400 richest Americans in 2003. As always, we remain available for further discussion of these very important issues and look forward to hearing from you soon. I am grateful to Adam for his leadership on so many fronts and wish him the best over the years to come," said Ken Griffin. regional director Mary Keefe to fill its newly created post of head of global compliance. [21], In 2014, Citadel rated an A grade for risk management in the annual Institutional Investor Hedge Fund Report Card.[51]. As of 2023, Adam Cooper's net worth is $100,000 - $1M. For over a quarter of a century, Citadel has served top-tier investors around the world, including sovereign wealth funds, public institutions, corporate pensions, endowments, and foundations.
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