Citadel’s Sticky Employee Pay Weighed on $5.3 Billion in Gains

Employee pay at Ken Griffin’s Citadel held fast last year despite lower returns, underscoring the burdensome costs that come with running giant multistrategy hedge funds amid a heated fight for...

By Tom Maloney, Caleb Mutua · Bloomberg Markets

Employee pay at Ken Griffin’s Citadel held fast last year despite lower returns, underscoring the burdensome costs that come with running giant multistrategy hedge funds amid a heated fight for talent.