Category Archives: Business Leaders

Griffin Makes a Large Donation to Harvard

Kenneth Griffin, the founder and CEO of Citadel, recently donated $150 million to the Harvard University financial aid program his Alma Mater. At that time it was the largest single donation the institution has never received. That was one of many donations Mr. Ken Griffin on turtletrader has made to various organizations totaling approximately $500 million.

Early Life

Mr. Griffin was born in Daytona Beach, Florida in 1968. After high school Mr. Griffin enrolled Harvard University where he began investing during his freshman year. During his sophomore year he started his first hedge fund on citadel.com dealing with convertible bonds. Mr. Griffin capitalized this fund with money you raised from family and friends totaling more than $250,000. Mr. Griffin, seeking to attain real-time market data, installed a satellite feed to his dorm room. By the time he graduated Harvard in 1989 with a degree in economics, Mr. Griffin, having already launched a second fund was managing more than $1 million in total.

His Early Career

After his time at Harvard, Mr. Griffin first managed a $1 million investment for the founder of Glenwood Capital LLC Frank Meyer. Mr. Griffin reportedly made Mr. Meyer a 70 percent return on his investment exceeding Mr. Meyer’s expectations.

Citadel

In 1990 Mr. Griffin founded what would later become Citadel with $4.6 million. Citadel grew to have $1 billion in investments and capital with more than 100 employees by 1998. Several well thought out decisions have allowed Citadel to make money when other funds were losing money or collapsing. In 1998 Citadel became a buyer of other hedge funds bond inventories as they struggled to stay solvent following the collapse of the fund Long-Term Capital Management.

2008 Financial Crisis

In 2008, during the heart of the financial crisis, the firm’s Wellington and Kingston Funds lost more than 50 percent of their value. Citadel in what Mr. Griffin described as one of the “most difficult decisions” he has made at Citadel. During that time all management expenses incurred by investors were covered by Mr. Griffin.

Recovery

Citadel reported that complete recovery of both funds on January 17, 2012.

New Outlook on Risk Management

The strategy of investing used by Citadel since the financial crisis of 2008 is based around liquidity. Risk management is now one of Citadel’s top priorities and the firm focuses on three key areas: stress testing analysis, limiting exposure and maintaining liquidity.

Philanthropic Efforts

In addition to the donation to Harvard University mentioned above Mr. Griffin is also donated to numerous causes mainly in the Chicago area. He helped fund and support Woodlawn High School, a charter school in Chicago. Mr. Griffin is also contributed to the following: Chicago Heights Early Childhood Center, Children’s Memorial Hospital and many other causes.

The CEO Brooknol Advisor Brian Mulligan

Brian Mulligan has grown in his career for over thirty years. He has involved himself in various level of service in various organizations all over the world. He has been very dedicated and also hard working in his work all through. Currently he is at the helm of Brooknol Advisors as the CEO. This organization is a sports advisory, an entertainment and media company. While in this company he was privileged to hold the to work in the positions of CFO, COO and CEO of many big entertainment companies. As he was working in these organizations he gathered a lot of experience that has helped him lead Brooknol Advisors to greater heights than he found it.

Mulligan had a lot of talents and also an expert in many different fields. Some of these fields include media, property structuring, international entertainment, theme parks, video games and other areas. Because of this vast experience he was put in front of all other pack that were in comparison with him in the competition. It is also self explanatory why he was able to rise to the top of many organizations that he has been in. At this time he is a member of many different organizations such as media roundtable, international entertainment, digital roundtable and other sports business.

He has been awarded several awards that are as a result of recognizing his good work. One of the awards that he was bestowed with is one of the most powerful 50 people in Hollywood others include the leading investment banker and one of the bankers in hollywood most prominent. In addition to being involved in sports and entertainment industry, he has been good in charity and politics. He was involved in a venture referred to as A Better La. Other charities include raising money for needy schools such as St, Jude, City of Hope MCA charities and many others. Mulligan has also earned many CPA Certificates that include FINRA 79 and 63 licenses, and also the global management. In addition to this he has coached football and basket ball teams. At this time when he was a coach he was serving as the commissioner of Youth Basketball.

He has also worked with Universal television, FOX broadcasting, Universal pictures Boston Consultancy and many other corporation that might not b in this list. At this time he was very instrumental in transactions that would be well of over $175 billion. His prolonged experience and skill have been an additive to the progress of the industry for a long period of time.