CAMRI had the distinct pleasure of hosting Mr Kenneth Griffin, the Founder and CEO of Citadel, to a Fireside Lunch Dialogue on Friday, 16 November 2012 at The Four Seasons Hotel in Singapore. Close to 30 specially-invited Friends & Donors of CAMRI were invited to this event. Citadel, which Mr Griffin founded in 1990, is one of the world’s leading and most successful hedge funds. With more than 1,000 employees around the world, Citadel – amongst its many institutional activities – executes alternative investment strategies across multiple asset classes. Mr Griffin is also an active supporter of educational causes that drive community improvement.
All attendees were first treated to the provocative article, “To Save the Euro, Leave It” written by Mr Griffin and Prof Anil Kashyap. It was published in the NYT on June 26, 2012. In that article, Mr Griffin and his co-author propose a better, bolder and, until now, almost inconceivable solution: that Germany exits the Euro and reintroduces the Deutsche Mark so as to allow troubled economies, especially those of Greece, Italy and Spain, the financial & fiscal flexibility they need to stabilize themselves.
During his Fireside Dialogue, Mr Griffin - amongst other things – provided his views on the US economy and markets, particularly the “fiscal cliff” conundrum the US faces, his prognosis on the global economy vis-à-vis the Euro debt crisis, and his entrepreneurial experience founding and managing Citadel over the years, especially about maintaining the firm’s “culture” and striving for performance through the turbulent financial crises of recent past.
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