Ken Griffin’s Citadel Advisors LLC dramatically altered its AI investment portfolio in Q3, slashing its Palantir stake by 91% while more than tripling its Nvidia holdings. This move reflects a significant shift in the firm’s outlook on the future of AI and the tech giants leading the charge.
Hedge fund billionaire Ken Griffin, CEO of Citadel LLC, voiced concerns about President-elect Donald Trump’s economic policies, specifically tariffs, warning of potential long-term harm to US companies’ global competitiveness. His comments, delivered at the Oxford Union, contrast with his earlier confidence in Trump’s victory.
Billionaire hedge fund titan Ken Griffin is investing in a towering 62-story skyscraper at 350 Park Ave., aiming to revitalize Midtown Manhattan and lure workers back to the office after the COVID-19 pandemic. The skyscraper, designed by Foster + Partners, will feature a vibrant public concourse and incorporate air rights from St. Patrick’s Cathedral and Saint Bartholomew’s Church to support their maintenance. Mayor Eric Adams hailed the project as a symbol of Midtown Manhattan’s resurgence, while Griffin emphasized the tower’s allure for in-person work. The skyscraper is slated for completion by 2032 and is expected to boost New York City’s status as a global business hub.
