Citadel’s Kenneth Griffin Forgot He Was Speaking to a Room Full of Hedge Funds


At the morning panel at the Skybridge Alternative Conference at the Bellagio in Las Vegas, Citadel hedge-fund founder Kenneth Griffin took a surprising position on the “too big to fail” part of the Dodd-Frank bill that designates banks as systemically important. “There’s a grave concern that ‘systemically important’ will create the largest moral hazard that we’ve seen in the financial world,” he told a ballroom full of investors and hedge-fund managers. Says DealBook, “That one landed with a thud.” [DealBook/NYT]