Citadel Securities’ Ken Griffin just received a nearly $1.2 billion lifeline from Sequoia and Paradigm.
This is the first time Citadel Securities has ever required private funding to stay afloat.
The hedge fund lost billions of dollars in 2021 due to overleveraging their positions in so called ‘meme stocks’.
Now Sequoia and Paradigm are partnering up with the hedge fund to raise the company’s valuation.
While Citadel Securities processes more than 40% of retail trades, they are now looking to broaden into new markets, including the crypto space.
Welcome to Franknez.com – Citadel Securities has made it incredibly hard for customers to withdrawal their money. Now, for the first time ever are receiving private funding.
Is the hedge fund in trouble?
Let’s get stared!
Citadel Securities and crypto?
Paradigm is active in crypto companies; a space Ken Griffin has been open about not being too fond over.
If you hold cryptocurrency, leave a comment below letting the community know how you feel about this massive hedge fund joining the space to short crypto.
I doubt Ken Griffin will be offering crypto investment options for long-term price appreciation.
Here’s Ken Griffin’s take on cryptocurrency.
Where is Citadel Securites headed in 2022?
The company’s new valuation puts Citadel Securities at $22 billion.
The hedge fund has proven to create massive systemic risk, even now as it continues to overleverage its short position in ‘meme stocks’ such as AMC Entertainment.
Will it finally cut its ties to the ‘meme stock’ community and broaden its market?
Or will it use every bit of capital they can to keep up with margin requirements in these plays?
The ‘ape community’ continues to fight for a fair market
Retail investors have been exposing Citadel Securities for unfair market practices.
Share price from heavily shorted stocks have been suppressed by hedge funds through a variety of market manipulation tactics.
CNBC’s Melissa Lee and Fox Business’s Charles Payne have called out the use of naked shorting in the markets too.
Dark pool trading in AMC and GME stock have gone as high as 60%-90%.
The community has recently uncovered how private ‘family offices’ also provide hedge funds with a loophole to unregulated trading; as seen with Archegos Capital.
Retail investors in the ape community have scrutinized Citadel Securities for imposing predatorial strategies that will prevent them from getting squeezed from their overleveraged short positions.
The SEC might have turned the cheek, but retail investors aren’t leaving.
Read: Here’s why Citadel’s customers are about to lose everything
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Citadel Securities and Citadel the hedge fund are two entirely different companies with vastly different objectives. Securities is a proprietary trading firm which market makes equities and options. Citadel itself is the $45bn hedge fund
From what I’m hearing aside from the Ape perspective, Kenny has always been jealous of Goldman Sachs he wants to knock them off the throne. The money is for massive global expansion their first step in Kenny’s master plan for world domination. While Citadel is definitely a juggernaut due to having zero accountability they do execute 25% all trades in the US daily and have a huge war chest, but I happen to have a brother that works at Goldman’s and they are not people Kenny wants to play with. They basically are the treasury department and will destroy Citadel if they get too thirsty (not a such a bad thing. As an Ape obviously I want the money to be for covering AMC but I thought I would through an alternative scenario that I’ve been hearing. As always, “All Hail Caesar!!!”