Citadel Investment Group has done relatively well for itself through the coronavirus outbreak. Sure, it hasn’t returned 36% like Mr. Seattle Basketball, but it also hasn’t lost 25%. Instead, it recovered from some early COVID-19 symptoms to return 1.2% last month, pretty good considering that the S&P 500 dropped 12.5%.
This nimbleness in the face of adversity can also be seen up the road from the ample social distancing space Griffin has assembled on the Florida coast, in the form of secured hotel in which he’s imprisoned 24 Citadel Securities staffers to make sure his little investment bank keeps up with the huge spikes in trading volume and volatility, no matter how long it requires keeping those employees away from their friends and families.