Griffin believes that Trump's potential tariff policy is a "long-term slippery slope," and the government should not expel immigrants but rather develop more detailed immigration policies, while the talent from Citadel is his "best investment."
Ken Griffin, founder of Citadel and hedge fund giant, expressed concerns about Trump's potential tariff policies in a recent speech, stating that the government should not expel immigrants but rather develop more detailed immigration policies, and that the talent at Citadel is his 'best investment.'
On Monday, Griffin spoke at the Oxford Union in the united kingdom, criticizing Trump's tariffs and immigration policies, and arguing that american businesses will no longer need to deal with 'overregulation' in the next four years.
Regarding tariff policies, Griffin stated:
'A core part of Trump's economic agenda is tariffs, which is a 'long-term slope.' It may bring profits in the short term, but in the long run, it will harm the global competitiveness of american companies. I am very concerned about whether the president will consider tariffs as part of trade policy.'
However, he simultaneously believes that the Trump administration will benefit the market; Griffin stated that american businesses will no longer need to 'deal with overregulation' in the next four years, but instead 'return' to creating jobs, developing businesses, and the economy.
When discussing mass deportations, Griffin stated:
'I don't know how to explain this behavior in humanitarian or economic terms. For those who 'come to our country, find work, contribute to our economy,' and try to settle in the usa, I don't understand how the government can expel these people. We need to develop a more detailed immigration policy, rather than just deporting millions of people.'
It is worth mentioning that Griffin openly disagrees with Trump. In this presidential election, Griffin donated over 0.1 billion dollars to a pro-Republican political action committee, while many large donors supported Trump in the later stages of the campaign, setting aside their opinions on his policies, personality, and legal issues. Griffin is one of the Wall Street billionaires who openly opposes Trump.
When asked about his best investment, Griffin talked about what makes his company the most profitable hedge fund in the world:
The best investment I've ever made is 'investing in talent.' No other investment can compare; you find some very smart, driven, and creative people, and then fully support them. There is no better investment than this.
According to the Bloomberg Billionaires Index, Griffin founded Citadel in 1990 and has now built the company into a 65 billion dollar giant, amassing a personal wealth currently valued at approximately 42.2 billion dollars. Multi-strategy hedge funds like Citadel rely on teams of traders to place cross-asset bets to achieve stable returns. The demand for such products has surged, leading to an unprecedented talent war in the industry.
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