Ken Griffin: Selling Citadel Stake Could Happen

Citadel's founder Ken Griffin hinted that he might sell a small part of his hedge fund someday. He made this comment at an event in New York. Griffin said it was a smart move to sell a piece of Citadel Securities to Sequoia and Paradigm in 2022. This deal put the firm's value at $22 billion. Griffin likes the idea of private partnerships. Citadel has been successful with this model for 30 years. But he's open to change. "We would look for a partner like Sequoia, " he said. This means someone who could help Citadel improve. Recently, there were reports that BlackRock might team up with Millennium, a competitor of Citadel. This could involve buying a small part of Millennium. Griffin wasn't worried about this. He said the focus now is on growing Citadel Securities. He doesn't think an initial public offering will happen soon.