As Covid-19 has devastated the global economy in 2020, Ken Griffin and his team at Citadel have used the opportunity to snap up distressed assets at bargain prices.
During an event last week for the Robin Hood Foundation, where trading legend Paul Tudor Jones interviewed Griffin, he said that his traders went to work scouring beaten-down credit markets during the height of the market turmoil.
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"It was a macro trader's dream," he declared before noting that Citadel wanted to put money to work "when people are panicking."
These actions have proved...
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