Person
Ken Griffin
Economics & FinanceWho is Ken Griffin in the Agency editorial?
Ken Griffin is an American investor, born in 1968, who founded the hedge fund Citadel. Issue.7 cites him once, in a block credited to the Financial Times about the rescue of the depositors of Silicon Valley Bank.
In short
Ken Griffin is the founder of the investment firm Citadel. In the Agency editorial he is named once, in Issue.7, in a quotation block credited to the Financial Times that follows the author's account of the collapse of Silicon Valley Bank (SVB). The block says that, according to Griffin, US capitalism is breaking down before our eyes, and that the Citadel founder argues that refusing to bail out SVB depositors in full would be a great lesson in moral hazard. The author adds no comment on him.
Key facts
- Which edition cites Ken Griffin?
- Issue.7, Economy in Crisis Pt.1, in a quotation block credited to the Financial Times, not in the author's own prose.
- How does the edition identify him?
- As the Citadel founder. It gives no other information about him.
- What is he reported as saying?
- That US capitalism is breaking down before our eyes, and that refusing to bail out SVB depositors in full would be a great lesson in moral hazard.
Who is Ken Griffin?
Ken Griffin is an American investor and hedge fund manager born in 1968. He founded Citadel in 1990 and is its chief executive. These facts come from outside the edition and are marked for verification.
How does Ken Griffin appear in Issue.7?
After writing that the Biden administration announced that all depositors at the failed Silicon Valley Bank would have access to their money, the author places two blocks credited to the Financial Times. The first cites John Thornhill. The second says that US capitalism is breaking down before our eyes, according to Ken Griffin, and that the Citadel founder argues that refusing to bail out SVB depositors in full would be a great lesson in moral hazard.
The block is the only mention. The author then writes that what is to unfold next is not yet known, and does not comment on Griffin's position.
Source editions
Where this entry comes from in the Agency editorial.