Griffin made the announcement to employees ahead of the weekend, saying in a memo directed to employees, I am excited to have recently moved to Miami with my family and look forward to rapidly expanding Citadel in a city so rich in diversity and abounding with energy.. Ken Griffin set a record in Miami-Dade in December with his $75M purchase of 8 Star Island, (L-R) John Jansheski with 27 Star Island Drive and Ken Griffin with 8 Star Island Drive (Sotheby's International Realty, Wikipedia). Overlooking Biscayne Bay, the property includes more than 400 feet of water frontage and boasts views of the Miami skyline. Theyre lying. The decision to relocate the hedge fund andCitadelSecurities, the electronic trading firm, was motivated by Floridas business-friendly climate and tax advantages, and concerns about rising crime rates in Chicago, people familiar with his thinking said. Here's How Much Tax Revenue Illinois Will Lose From Citadel's Decision The Sway House may be one of the most recognized groups on TikTok, but their members are dropping like flies. Griffin and his company were behind the $363 million purchase of a 2.5-acre (1-hectare) vacant site at 1201 Brickell Bay Drive, according to people familiar with the matter, who asked not to be . Ken Griffin's Citadel moving to Miami from Chicago - New York Post Photo by Patrick McMullan/PMC via Getty Images, 2023 NYP Holdings, Inc. All Rights Reserved, SEC employee phone probe snags Steve Cohen, Ken Griffin firms: report, Ken Griffins hedge fund Citadel turns record $16B profit in 2022, Citadel boss urges Mayor Eric Adams to make NYC crime top priority, Hedge fund that hosted staff to lavish Disney party expects to return $7B in profits to clients. I mean, thats a really difficult backdrop with which to draw talent to your city from.". The veteran is averaging 22.0 points, 5.9 rebounds and 5.0 assists. Why, though, is Griffin leaving the Sway House? Griffin has been swallowing up South Florida properties for hundreds of millions of dollars in recent years. Griffin Johnson is an American content creator, social media star, actor, and singer. In a note to his staff Thursday, Citadel hedge fund CEO Ken Griffin announced he is moving headquarters from Chicago to Miami, Florida, saying in part, "Miami is a vibrant, growing metropolis that . The company also plans to open its 425 Park Avenue location in New York City later this summer. We may earn commission from the links on this page.