Illinois’ richest man is leaving the state and taking his billion-dollar hedge firm with him to Florida amid rising crime in the Windy City.
In a memo to employees, Ken Griffin announced he and his family are relocating to Miami, Florida – and said the headquarters of his Citadel hedge fund and his trading firm Citadel Securities will move with him.
‘Chicago will continue to be important to the future of the Citadel, as many of our colleagues have deep ties to Illinois,’ he wrote in the memo, according to the Chicago Sun-Times.
‘Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and other offices around the world.’
He went on to call Chicago a ‘remarkable home’ for Citadel, and praised past support from political and business leaders.
But in the…
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