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Kevin Turner, Microsoft Executive, to Join Citadel Securities
JULY 7, 2016 |- The New York Times| by NICK WINGFIELD and ALEXANDRA STEVENSON.

A top Microsoft executive, Kevin Turner, is leaving the company to join Citadel Securities as its new chief executive, continuing a wave of executive departures of technology industry leaders to financial firms.

Mr. Turner, Microsoft’s chief operating officer, oversaw Microsoft’s large sales organization, but Microsoft said he would not be replaced. .....Several prominent Silicon Valley executives have been hired by hedge funds in recent years. Bridgewater Associates, the world’s biggest hedge fund, hired a former senior Apple executive, Jonathan J. Rubinstein, this year. Mr. Rubenstein, who earned the nickname “the Podfather” for his work leading Apple’s iPod team, joined Bridgewater as co-chief executive in May.

And Two Sigma Investments, a quantitative hedge fund based in New York, hired Alfred Spector, a senior executive at Google, to be chief technology officer last year.

Citadel Securities is owned by the billionaire Kenneth C. Griffin, who also founded a $25 billion hedge fund called Citadel. Mr. Griffin founded the hedge fund 25 years ago as a young graduate after successfully trading bonds out of his Harvard dorm.

In recent years, Mr. Griffin has made a big push into market, making and electronic trading with Citadel Securities, disrupting a business that was once the domain of banks. It also claims to have 35 percent share of daily retail stock trading in the United States.
Microsoft  Citadel  hedge_funds  CEOs  departures  resignations  appointments  brokerage_houses  Ken_Griffin  market_makers 
july 2016 by jerryking
Hedge-Fund Managers Playing Larger Role in Art Market - WSJ.com
By
Kelly Crow,
Sara Germano and
David Benoit
Jan. 23, 2014

Hedge-fund managers, who play a vital but disruptive role in the broader financial markets, are increasingly throwing their weight around the art market: They are paying record sums to drive up values for their favorite artists, dumping artists who don't pay off and offsetting their heavy wagers on untested contemporary art by buying the reliable antiquity or two. Aggressive, efficient and armed with up-to-the-minute market intelligence supplied by well-paid art advisers, these collectors are shaking up the way business gets done in the genteel art world.....Today, are applying their day-job tactics to their art shopping, dealers say.

Corporate raiders a generation ago typically held their art purchases for at least a decade. Today, the average holding period for contemporary art is two years, according to a former Sotheby's specialist. That is enough time to reap a tidy profit on a rising-star artist but hardly enough for art history to rule on the artist's lasting merits.
art  artists  collectors  Wall_Street  hedge_funds  contemporary_art  moguls  Sotheby's  investors  dealerships  Citadel  Ken_Griffin  volatility  Christie's  market_intelligence  herd_behaviour  aggressive  art_advisory  real-time  holding_periods  art_market 
january 2014 by jerryking
Ken Griffin has high ambitions for his hedge fund, Citadel -
April 16, 2007| Fortune | By Marcia Vickers, Fortune senior writer
Ken_Griffin  hedge_funds  Citadel 
october 2011 by jerryking
The Secrets of Ken Griffin
June 2005| Bloomberg Markets| by Katherine Burton and Adam Levy.
finance  innovation  leadership  hedge_funds  Citadel  Ken_Griffin  filetype:pdf  media:document 
november 2009 by jerryking

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