So how does Chicago crime compare to Miami? We compared crime data over the past five years from both police departments, and found that per capita, Chicago far outpaces Miami in homicides, sexual assaults, and robberies, while Miami outpaces Chicago in aggravated battery. It's nothing unique, but there is some political utility." "I think what Richard Irvin will seize on is the earlier comments that Griffin made about crime in Chicago and that members of his team, his employees have been involved in crime have been mugged," Caliendo said. "I can't imagine that the timing of it was placed really related to the election as much as taking the opportunity to talk about what it means that companies are moving out of Chicago a couple of days before the election."īut Caliendo does believe Irvin – who has campaigned as a tough-on-crime candidate – will try to hammer home the safety issue, even after his big-time donor has moved out. "The ultimate decision probably had very little to do with the gubernatorial election," Caliendo told CBS 2's Jackie Kostek. Political analyst Stephen Caliendo said it is not likely that the big business move has anything to do with Irvin's campaign. Despite that massive windfall, Irvin's bid for governor is struggling, with recent polls showing him significantly trailing ultraconservative downstate Illinois state Sen. JB Pritzker, and has donated $50 million to Aurora Mayor Richard Irvin's campaign for governor. Griffin also has frequently sparred with fellow billionaire, Gov. It's unclear how many of them will be relocating. "We recognize that the choice of where to call home involves personal, family, school and other considerations, and we will provide comprehensive support to meet the needs of our teams."Ī spokesperson points to Florida's business-friendly climate and Chicago's violence as reasons for the move, saying, "talent wants to live in cities where they feel safe."Īccording to a company spokesman, Citadel has about 1,000 employees in Chicago. Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world," Griffin wrote. "Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois.
In a note to employees at Citadel, Griffin announced he already has moved his family to Miami, and will soon be bringing the company with him, though some Citadel employees will remain in Chicago. “Our systems are capable to work in all asset types, with workflow processes that allow a portfolio manager to get a trade done, send it to a trader who works the market, and then post trade through to the back office,” Breslow said.Ĭitadel Technology has embraced managed services, as have many of its customers.CHICAGO (CBS) - Ken Griffin, the richest man in Illinois, is moving his Chicago-based hedge fund to Miami. “Our solution is appropriate to startup situations, but easily scales to large prospective clients that have outgrown their system, and need multi-asset, multi-strategy platforms.”Ĭitadel Technology’s value proposition centers on integrated order, execution, trade management, and portfolio management functionality.
“In many cases, start-up funds are less than $100 million and are in need of an OMS system to do trade entry and basic P&L,” Breslow said.
The largest number of potential prospects is start-up companies. “We can provide a fully integrated enterprise investment management platform or components to fill a specific need.”
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“We serve a full spectrum of the market,” he said.
#Citadel hedge fund software
Breslow himself is well-schooled in the nuances of technology, having served as chief technology officer and CEO at RealTick, which is now owned by Eze Software Group.īreslow, who joined Citadel Technology in September 2012, is seeking to leverage the in-house technology expertise built up by the asset management and execution businesses of the parent Citadel, and license it to a range of buy side institutions.
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