Citadel's Griffin Buys $80 Million Fla. Estate

Jan 7 2013 | 9:55am ET

Citadel Investment Group founder Kenneth Griffin is celebrating his second straight year of returns in excess of 20% by spending nearly $80 million on a sunny retreat.

Griffin has bought two oceanfront properties in Palm Beach, Fla., for a combined $79.6 million. The purchases were made through an affiliate company, PBH LLC. PBH's address is a Miami condominium owned by Griffin.

The two lots, on a cul-de-sac called Blossom Way on the barrier island, combine to make a roughly 4.2 acre estate on the Atlantic. Only one of the two lots has a home on it, a 28-year-old five-bedroom, 14,354-square-foot home on the northern lot.

Griffin paid $37.95 million for that property and $41.65 million for the vacant lot. The former had previously sold in 2000 for $13 million, and the latter two years ago for $29.15 million.

In Depth

Q&A: Biotech Investing with Crossover Fund RA Capital

Sep 15 2015 | 5:40pm ET

Boston-based RA Capital Management is an intriguing mix of sophisticated life sciences...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events