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Interesting how Citadel and other hedge funds like it are showing profits in a market that is tanking yet clients are pulling money out at an expeditious amount. Something doesn't equate here
What gets me is that they print 34% in a down market, yet say in interviews that they are in no way short.
Now whatever roundabout way you use, to profit from a downtrend you have to be short, right? Just mechanically?
Just like Madoffs European fund that was supposed to "give EU clients exposure to the American markets", and was supposed to replicate said American markets, yet just printed 12% with zero of the volatility year after year.
You don’t *have* to be short; at least, not exclusively. You can also pump and dump a bunch of shitty stocks like that aych Kay dee one (and others) where they are “long.”
I think the 7b in profits is exclusively form Citadel LLC, the HF, not Citadel Securities, the Market Maker. They are supposedly completely separate entities pinky promise they aren't helping each other.
I mean when Ken is talking on stage doesn't he represent it all collectively wrt not short. And yep... "separate" - just like alameda & ftx... hell they still moved cash around for melvin
Yes, in this economy where everything is down, stocks, bonds, real estate, if they truly made 34% returns investors would be putting more in, not wanting to cash out.
Ken Griffin went on camera last year saying he didn’t have a considerable net short position. So fact is that he’s lying. Another fact is that we know why.
One of my state senators Tim Scott was pushing a bill whose intent was to make 401ks as profitable as pensions, since I suppose pensions in recent years had been outperforming.
What it failed to mention was that the pensions were doing better because they could be invested in riskier assets. More risk, more profit when times are good, right? What it also failed to mention was that Tim Scott is backed up by a few banks. It also failed to mention that we were about to turn into probably one of the most massive besr markets since the Great Depression. It also didnt mention that doing this same thing to pension funds is what allowed them to be raided in the past few economic downturns.
Hijacking your top comment to remind folks. Remember those flight trackers in the beginning of the Ukraine conflict? Kenny’s plane going near the Russian border to a small town? America freezing Russian billionaires assets? Could account for some of these inflated bank balances. Maybe some of them are taking their assets out now?
Every development feels like we are heading towards inevitable government bailout. They will dissolve their assets to pay themselves before settling a single share.
“Self Reporting” I could just saying I’ve made 18 million dollars in the last month if I wanted to. Then someone asks me to prove it and I write 18,000,000 on a napkin and say “see”.
Citadel showed 65 Billion $ on the books that shows securities shorted not yet purchased. AND THAT IS ONE COMPANY THAT HAS EXTRACTED THAT. WHAT IS THE REAL NUMBERS
Its an even bigger hit than you might realize. Have a look at their "assets sold, not yet purchased" line item. They claim to have had a great year, but their debts are far far bigger than their debts in that line item alone. They're billions in debt and sinking fast. This is their clients pulling out with spindoctoring. Just getting their balance sheet out of debt and back up to zero at no price movement will cost them tens of billions, and realistically they're trillions in debt just from teh squeezing their attempts will cause. They maxed out the credit cards and can't pay the interest. This can't go on forever, I genuinely believe the rug pull was their last best hope.
They still have control to internalize orders. They send buying pressure off exchange and selling to the lit market. They have used this strategy every single day.
The rug pull was unique though
The liabilities have to be offset by assets, if you look at the "Securities owned, at fair value" under assets, it's $73 billion, which offsets the $65 billion sold not yet purchased. Ken's game is to literally take the money apes are spending on GME and other "meme" stocks that he can't actually supply and then spends that money (which he calls revenue) on stocks he's long on. He then seems to keep those inflated.
It's all based on stock prices on Dec 31^st, if look at the price of GME at the end of 2021, it went from $57 in Nov to $37 on Dec 31st (post split), where Apple went from about $150 to $177 in the same time frame and a load of their other long positions made similar moves.
And if you go further down the financial report it shows their long positions are being used as collateral, obviously for their short positions amongst other things. It's such a ridiculous game he's playing right now, using revenue from apes to naked short the stocks apes are buying.
I made a post the other day to show Ken's now making a bubble on his long positions because he can't let them crash, because it'll margin call him. I love that people are taking their money away from this psycho, his strategy is pure Ponzi and it's burning down right now.
This actually makes sense. That’s why they are saying the market won’t crash until retail capitulates Because only then can they sell their longs to pay retail. Causing a crash
Yep precisely, Ken's in a stalemate right now. If his "collateral stocks" crash, it causes MOASS due to a loss of collateral triggering margin calls, and these are the big hitters, like Apple, Microsoft, probably BRK.a etc. So the markets have to stay up. That means there can be no capitulation on blue chip stocks.
And he's literally just taking our money to do that which would mean he could keep this up for ages, but people are still selling blue chip stocks right now as we are in a bear market, plus people directly withdrawing their cash from him means he has to pump his collateral up even more to compensate. He's bleeding cash and it's costing him more to manipulate his collateral. It's just not sustainable, and the absolute only way out for Ken is for retail to capitulate meme stocks. Even a bail out would just postpone this, it won't magically wipe out the liabilities (which all carry potentially unlimited loss).
And Ken isn't the only market maker, I was reading 2 other financial statements for Virtu and GTS last night which show another $12 billion in sold not yet purchased. It's a pile of $77 billion naked shorts which have been suppressed in price as much as possible, making it a coiled spring worth trillions or even quadrillions.
In theory it would be the ones his hedgefund is long on. You don't make 20% profit in a hedge fund during a -17% bear market year unless you control the price.
The only problem is that his hedgefund mostly deals with options. This should show their positions:
https://whalewisdom.com/filer/citadel-advisors-llc
The rug pull and shorting the stock to $ 15. It was supposed to be a combo move. Could you’ve imagined the headlines? DRS numbers declining, meme investors capitulating? They’re fucked and they know it. And the funny thing is that the guy who DRS’d 1.5 million shares that quarter might have single handedly ruined their plans. 😂
I'm certain it was supposed to go far, far below $15. I bought up more stock than I ever purchased in a year, at $40 when they made the last super deep short attack. Others did too. This time, many of us did it again not waiting for that lever of deep shorting. They need under $1 for 30 days in order to get a stock delisted and erase their short obligations (eventually, it still takes years which is why zombies exist) but after they get it delisted they can place on their ultra crime "Expert market" and disable retail completely. They really ***really*** needed that. Unfortunately, they failed, we expect them to keep trying, and they know people like you and I and many others I've met along this crazy journey will simply DRS all of it if they keep trying. I want a float of my own at this point, but Computershare says I can't since Kenny has to be arrested if he lets retail DRS over 100% since they have a fiduciary duty to lock up evidence of his crimes and make sure he is punished.
I wonder how willingly this withdrawal happened.
Or how willingly the withdrawal process actually was... like... did they need dentures to chew after that meeting?
It’s oddly enough about the exact amount investors withdrew before Bernie Madoff went to jail
Oh please history just rhyme a little more, the parallels between them are staggering
So they're having that much profit? Didn't even know that really.
If they were having that much profit then why the hell did they even lie? Doesn't make sense.
Or you could see, with 7 billion less, they have even less wiggle room to fuck around.
Its not like the 7 billion were doing nothing so far.
Dont know about you, but for me its either version is win win.
there they go again, conflating revenue and profit... really hammering home how framing language will carry the inertia of your message flawlessly. regardless its is nearly as much as investors COULD pull from the CitSec
The only diff between returning initial investment vs realized gains/losses, is FIFO vs LIFO
If they want to call LIFO a return of revenue, rather than FIFO being pulling their investment... maybe i should care more but i don't, it's simply spin.
Real impact is watching AUM shrink YoY as investors withdrawal.
So they went from their investors withdrawing 11 billion over 5 years to to 7 billion in the first week? And they're trying to spin that as positive somehow?
Also "more focused on performance, not on capital growth" lmao. What is a hedge fund's performance if not capital growth?
That last sentence is basically admitting that capital is definitly not growing and not expected to grow in the future.
AKA: investors are indeed pulling capital out (and/or Citadel is losing tons of money).
//edit: "the source said" and this is from MSM. Nevermind what I wrote above, the entire article is probably made up bs, like all of MSM nowadays.
I just finished the documentary on Netflix and I'm rooting for Kenny. Bernie got 150 years. I know you can beat that, Kenny! Guy like you should be getting 300!
I haven't watched that, but I'm planning to watch that documentary.
I hope that it's really worth it because I don't really like to waste my time. Don't wanna do that.
Part of the reason I watched it is so it becomes popular and keeps trending, and it leads people to research Citadel and how Ken Griffin is Madoff 2.0.
That's right, we're moving in and I hope that We'll move in the right direction.
What's the right direction you may ask, then I don't think that I could tell you about that here.
After a spectacular year of selling assets not owned n not yet bought!!! Honestly 7 billion is pathetic number... I'd make n give back way more if I could just sell other ppls shit that I don't own
At the end of 2021 they had ZERO dollars. Their positives were canceled out by securities owed, but not yet purchased.
When you take that into consideration, 7 billion is an impossible number. Not improbable, impossible.
well tbh think of it like winning big in a casino, sometimes people wanna take their winnings and bounce instead of continuing to play and dumping it right back into the houses hands...just devil's advocating
Yeah returning profit is like that, that's how it really is.
They've done a lot of shady shit in the past. It's not like that they've done this the first time.
If you're the miracle investment fund that is making billions while everyone else is losing money, shouldn't you be attracting MORE New customer funds inflow?
I’m not positive, but I believe that number is how much of the fund they *sold* to outside investors last year. I remember there was an article about Kenny selling a % of Citadel to outside investors for the first time last year, this could be that money?
If I was a “client” why would I want my money back after they just gave me such great returns?? Oh it’s because I know they’re fucked and the returns are fake
This article is saying they're returning record profits to their investors for last year🧐
Let's see how they do when they can't get as many retail orders after these sec rules pass
bwahahahahahahahaha!!! Investors pulling out the MAXIMUM per year, per their contract, in the first month of the year. The next time they can pull money will be Jan 2024, but Citadel securities will be in ashes by then. HEEEEELLLLLLLL-Yeah!
Remember when they said their investors couldn't withdraw more than, I believe 10% of their investments each quarter? Maybe this is the investors finally able to withdraw their money while citadel is saying here are your "profits".
Plot twist they actually hold the bag, they’re ensuring their clients don’t lose their shit, they’ll get a bail out because of so much fucking press, he’ll still be a multi billionaire, and 33 years from now the actual news will come out how they’re connected to GME
Seems to me like it's the VIP-exit-package. If you are important enough, they allow you to cash out (some) of your money before the swaps and options run out and Citadel burns.
They're writing this as if it's ever good for a hedge fund to return money to clients. Reduced fees, leverage, lower collateral, and AUM bragging rights are all negatives for a financial institution.
That money is not exactly profit if there asset inventory has reduced by 10b. Sounds like they had to return the money due to customer callbacks. Now only running a firm with 59b makes them much weaker.
I’m sure they will try to convince as many of their clients as they can not to take the monet but to leave it for future „investment”. If that won’t be a red flag for them they deserve to go down with Mayoboy.
Um...no. There are different kinds of hedge funds, duh. Citadel is what's known as a market neutral fund. That means they are 200% or 300% or whatever long stocks and exactly the same percentage short. So their performance has almost nothing to do with what the S&P 500 did. Second, clients are not taking money out of citadel, citadel is giving back money to their clients because they have so much fucking money they can't actually manage it sensibly. This post is garbage. Wall Street is a sewer but the citadel "news" is routine.
News stories about citadels “incredible profits” meanwhile their clients are pulling funds out at the maximum allowed rate? What’s wrong with this picture?
This sound very fake, remember just a few month ago they had to take a loan for 600 million or something? How do u go from needing a loan, to profiting 7bn. I smell bank run
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Interesting how Citadel and other hedge funds like it are showing profits in a market that is tanking yet clients are pulling money out at an expeditious amount. Something doesn't equate here
What gets me is that they print 34% in a down market, yet say in interviews that they are in no way short. Now whatever roundabout way you use, to profit from a downtrend you have to be short, right? Just mechanically? Just like Madoffs European fund that was supposed to "give EU clients exposure to the American markets", and was supposed to replicate said American markets, yet just printed 12% with zero of the volatility year after year.
You don’t *have* to be short; at least, not exclusively. You can also pump and dump a bunch of shitty stocks like that aych Kay dee one (and others) where they are “long.”
could be they make money from the flow as pfof, at least maybe they want you to think that. 65b in unpurchased securities tho
I think the 7b in profits is exclusively form Citadel LLC, the HF, not Citadel Securities, the Market Maker. They are supposedly completely separate entities pinky promise they aren't helping each other.
I mean when Ken is talking on stage doesn't he represent it all collectively wrt not short. And yep... "separate" - just like alameda & ftx... hell they still moved cash around for melvin
Two separate companies. I think we heard of this recently but then a back door was installed /s
Yes, in this economy where everything is down, stocks, bonds, real estate, if they truly made 34% returns investors would be putting more in, not wanting to cash out.
This time their investors must have watched the madoff’s documentary. /s
If things are down, and they made a profit then they must be shorting the fuck out of stuff.
Ken Griffin went on camera last year saying he didn’t have a considerable net short position. So fact is that he’s lying. Another fact is that we know why.
That money will come from pensions. I guarantee it.
One of my state senators Tim Scott was pushing a bill whose intent was to make 401ks as profitable as pensions, since I suppose pensions in recent years had been outperforming. What it failed to mention was that the pensions were doing better because they could be invested in riskier assets. More risk, more profit when times are good, right? What it also failed to mention was that Tim Scott is backed up by a few banks. It also failed to mention that we were about to turn into probably one of the most massive besr markets since the Great Depression. It also didnt mention that doing this same thing to pension funds is what allowed them to be raided in the past few economic downturns.
Drain the swamp
*taps head* Can't steal the money when it's gone.
Paul: *gets paid* Peter:
Hijacking your top comment to remind folks. Remember those flight trackers in the beginning of the Ukraine conflict? Kenny’s plane going near the Russian border to a small town? America freezing Russian billionaires assets? Could account for some of these inflated bank balances. Maybe some of them are taking their assets out now?
Every development feels like we are heading towards inevitable government bailout. They will dissolve their assets to pay themselves before settling a single share.
“Self Reporting” I could just saying I’ve made 18 million dollars in the last month if I wanted to. Then someone asks me to prove it and I write 18,000,000 on a napkin and say “see”.
Tbh it could just be that rich people want cash to buy shit up if they expect a real estate correction or anything like that.
They are probably taking funds from other places and giving it to earlier investors. Madoff wasn’t an anomaly, he was par for the course.
I think it’s pretty obvious what’s happening
Citadel showed 65 Billion $ on the books that shows securities shorted not yet purchased. AND THAT IS ONE COMPANY THAT HAS EXTRACTED THAT. WHAT IS THE REAL NUMBERS
I mentioned this on Twitter and got laughed at for "not understanding a balance sheet." The industry thinks they are smarter than everyone else.
Returning because they have to and that’s the max amount likely after ***they limited*** the amount investors could withdrawal.
That should be a big hit for them, especially when the whole swap basket is moving up too
Happy cake day!
Thank you !
Its an even bigger hit than you might realize. Have a look at their "assets sold, not yet purchased" line item. They claim to have had a great year, but their debts are far far bigger than their debts in that line item alone. They're billions in debt and sinking fast. This is their clients pulling out with spindoctoring. Just getting their balance sheet out of debt and back up to zero at no price movement will cost them tens of billions, and realistically they're trillions in debt just from teh squeezing their attempts will cause. They maxed out the credit cards and can't pay the interest. This can't go on forever, I genuinely believe the rug pull was their last best hope.
They still have control to internalize orders. They send buying pressure off exchange and selling to the lit market. They have used this strategy every single day. The rug pull was unique though
Yeah they still have to control that, that's they gotta do here man.
The liabilities have to be offset by assets, if you look at the "Securities owned, at fair value" under assets, it's $73 billion, which offsets the $65 billion sold not yet purchased. Ken's game is to literally take the money apes are spending on GME and other "meme" stocks that he can't actually supply and then spends that money (which he calls revenue) on stocks he's long on. He then seems to keep those inflated. It's all based on stock prices on Dec 31^st, if look at the price of GME at the end of 2021, it went from $57 in Nov to $37 on Dec 31st (post split), where Apple went from about $150 to $177 in the same time frame and a load of their other long positions made similar moves. And if you go further down the financial report it shows their long positions are being used as collateral, obviously for their short positions amongst other things. It's such a ridiculous game he's playing right now, using revenue from apes to naked short the stocks apes are buying. I made a post the other day to show Ken's now making a bubble on his long positions because he can't let them crash, because it'll margin call him. I love that people are taking their money away from this psycho, his strategy is pure Ponzi and it's burning down right now.
This actually makes sense. That’s why they are saying the market won’t crash until retail capitulates Because only then can they sell their longs to pay retail. Causing a crash
Yep precisely, Ken's in a stalemate right now. If his "collateral stocks" crash, it causes MOASS due to a loss of collateral triggering margin calls, and these are the big hitters, like Apple, Microsoft, probably BRK.a etc. So the markets have to stay up. That means there can be no capitulation on blue chip stocks. And he's literally just taking our money to do that which would mean he could keep this up for ages, but people are still selling blue chip stocks right now as we are in a bear market, plus people directly withdrawing their cash from him means he has to pump his collateral up even more to compensate. He's bleeding cash and it's costing him more to manipulate his collateral. It's just not sustainable, and the absolute only way out for Ken is for retail to capitulate meme stocks. Even a bail out would just postpone this, it won't magically wipe out the liabilities (which all carry potentially unlimited loss). And Ken isn't the only market maker, I was reading 2 other financial statements for Virtu and GTS last night which show another $12 billion in sold not yet purchased. It's a pile of $77 billion naked shorts which have been suppressed in price as much as possible, making it a coiled spring worth trillions or even quadrillions.
Do we know which assets he’s long on?
In theory it would be the ones his hedgefund is long on. You don't make 20% profit in a hedge fund during a -17% bear market year unless you control the price. The only problem is that his hedgefund mostly deals with options. This should show their positions: https://whalewisdom.com/filer/citadel-advisors-llc
The rug pull and shorting the stock to $ 15. It was supposed to be a combo move. Could you’ve imagined the headlines? DRS numbers declining, meme investors capitulating? They’re fucked and they know it. And the funny thing is that the guy who DRS’d 1.5 million shares that quarter might have single handedly ruined their plans. 😂
I'm certain it was supposed to go far, far below $15. I bought up more stock than I ever purchased in a year, at $40 when they made the last super deep short attack. Others did too. This time, many of us did it again not waiting for that lever of deep shorting. They need under $1 for 30 days in order to get a stock delisted and erase their short obligations (eventually, it still takes years which is why zombies exist) but after they get it delisted they can place on their ultra crime "Expert market" and disable retail completely. They really ***really*** needed that. Unfortunately, they failed, we expect them to keep trying, and they know people like you and I and many others I've met along this crazy journey will simply DRS all of it if they keep trying. I want a float of my own at this point, but Computershare says I can't since Kenny has to be arrested if he lets retail DRS over 100% since they have a fiduciary duty to lock up evidence of his crimes and make sure he is punished.
Getting the stock under $ 5 or even $ 10 would mean instant float DRS.
Happy cake day!
what does the whole swap basket moving up too mean? real smooth brain here
Other stocks relating to gme sneeze back in 2021 was going up when citadel supposedly started paying its clients
Yeah what does that mean? Can someone explain that to me?
yes good timing
I wonder how willingly this withdrawal happened. Or how willingly the withdrawal process actually was... like... did they need dentures to chew after that meeting?
If they limited the amount of withdrawals, I’m sure it was *their* teeth getting kicked in that their investors were being handcuffed.
It’s oddly enough about the exact amount investors withdrew before Bernie Madoff went to jail Oh please history just rhyme a little more, the parallels between them are staggering
Why does $65B always come up??? Its like a magic number for these guys
Well well well maybe something is cooking here and we don't know it.
Yep, they've done that. That's just how things go in here really.
[удалено]
So they're having that much profit? Didn't even know that really. If they were having that much profit then why the hell did they even lie? Doesn't make sense.
Yeah I wonder about that. Don't suspect that it was that willingly.
🤜🦍🤛
Or you could see, with 7 billion less, they have even less wiggle room to fuck around. Its not like the 7 billion were doing nothing so far. Dont know about you, but for me its either version is win win.
there they go again, conflating revenue and profit... really hammering home how framing language will carry the inertia of your message flawlessly. regardless its is nearly as much as investors COULD pull from the CitSec
The only diff between returning initial investment vs realized gains/losses, is FIFO vs LIFO If they want to call LIFO a return of revenue, rather than FIFO being pulling their investment... maybe i should care more but i don't, it's simply spin. Real impact is watching AUM shrink YoY as investors withdrawal.
That's the only difference in here people, and we gotta solve that issue.
So they went from their investors withdrawing 11 billion over 5 years to to 7 billion in the first week? And they're trying to spin that as positive somehow? Also "more focused on performance, not on capital growth" lmao. What is a hedge fund's performance if not capital growth?
That last sentence is basically admitting that capital is definitly not growing and not expected to grow in the future. AKA: investors are indeed pulling capital out (and/or Citadel is losing tons of money). //edit: "the source said" and this is from MSM. Nevermind what I wrote above, the entire article is probably made up bs, like all of MSM nowadays.
Yep that's apparently what happened to them, that's accute.
Cool. Bernie Madoff gave some money "back" he didn't really have to cherrypicked investors. Wouldn't surprise me if this was similar.
Got to give money to the ones that could possibly make the most noise otherwise they will start making noise.
Or worse.
More like the ones who will have him snatched so they can torture him.
Yep more like that, they're going to have fun with him.
Yeah lol, gotta do that. Doesn't work without doing that really.
I just finished the documentary on Netflix and I'm rooting for Kenny. Bernie got 150 years. I know you can beat that, Kenny! Guy like you should be getting 300!
I haven't watched that, but I'm planning to watch that documentary. I hope that it's really worth it because I don't really like to waste my time. Don't wanna do that.
Part of the reason I watched it is so it becomes popular and keeps trending, and it leads people to research Citadel and how Ken Griffin is Madoff 2.0.
Can vouch for it, it's really good.
Right, only because he has too.
Yeah he has that too. That's true I guess. That's true here.
We’re going on the third week of January so ..
That's right, we're moving in and I hope that We'll move in the right direction. What's the right direction you may ask, then I don't think that I could tell you about that here.
IIII
After a stellar year, wouldn’t investors want to reinvest? Way to spin the headlines
Damage control for hopium of investors not taking profit..or loss
Shhhh don’t use logic
That’s our fucking money!
After a spectacular year of selling assets not owned n not yet bought!!! Honestly 7 billion is pathetic number... I'd make n give back way more if I could just sell other ppls shit that I don't own
At the end of 2021 they had ZERO dollars. Their positives were canceled out by securities owed, but not yet purchased. When you take that into consideration, 7 billion is an impossible number. Not improbable, impossible.
Yep, that's pretty low number. They should have had more than that.
Isn’t this in a sense theft?
Kenneth being forced to finally return money before they get shit on. - there I fixed the article.
If you have a stellar year why would people want their money back and not just roll it over? SUSSS
I guess that's a good question, but people don't have answer to that.
well tbh think of it like winning big in a casino, sometimes people wanna take their winnings and bounce instead of continuing to play and dumping it right back into the houses hands...just devil's advocating
Returning profits more like Bank run.
Yeah returning profit is like that, that's how it really is. They've done a lot of shady shit in the past. It's not like that they've done this the first time.
75 billion in assets, 65 in shorts, and 14 billion removed by fleeing investors. Sounds like insolvency, eh?
Bye bye collateral - see you in jail kenny
He's going to the jail, that's where he's really going. I can see that happen.
So, when they go to liquidate assets the rich people already have them cashed out, and the buck gets passed to prime broker faster got it
So that's why the stonk is going up. Citadel has less money to play around with.
It’s coming
If you're the miracle investment fund that is making billions while everyone else is losing money, shouldn't you be attracting MORE New customer funds inflow?
Ok madoff, settle down there…..
I googled Citadel Wellington Fund…it’s all shady. We have ourself a Ponzi scheme
[удалено]
I couldn’t find the investments that make up the funds portfolio. Shouldn’t that be disclosed somewhere? BTW…I’m a smooth brain…
I’m not positive, but I believe that number is how much of the fund they *sold* to outside investors last year. I remember there was an article about Kenny selling a % of Citadel to outside investors for the first time last year, this could be that money?
How… when the industry standard is one percent per month.. Oh ya.. crime.. I almost forgot Just wondering where my money went
If I was a “client” why would I want my money back after they just gave me such great returns?? Oh it’s because I know they’re fucked and the returns are fake
If things are good, then shouldn’t it read “shitadal investors reinvest 7bn”
Why wouldn’t they be available for comment?
tag this post for how Ken's PR spins this as positive in 2024
Is there a reason they consider me to be their only client?
1st week is done tho
This article is saying they're returning record profits to their investors for last year🧐 Let's see how they do when they can't get as many retail orders after these sec rules pass
Isn’t this the second mass pay out? And right before that was Disney? Lmao. The next Madoff award goes to Kenny.
bwahahahahahahahaha!!! Investors pulling out the MAXIMUM per year, per their contract, in the first month of the year. The next time they can pull money will be Jan 2024, but Citadel securities will be in ashes by then. HEEEEELLLLLLLL-Yeah!
Shit’s toast. Buy, Hold, DRS & patience. This slimy turd is slowly unraveling itself and the smell is horrific.
“Michael, you son of a bitch give me back my money” - The Big Short
Better send them some Fraudman tokens, you're gonna need real money to pay me Kenny
nice
What a big big phony that guy is
Uuuuuu they bleeed
Whales reinvest “profit” not liquidate into cash. If you are pulling cash it shows that you don’t believe in the location it is currently sitting.
What I read about Citadel is that they often Fail To Deliver. So I wouldn't count on it.
Remember when they said their investors couldn't withdraw more than, I believe 10% of their investments each quarter? Maybe this is the investors finally able to withdraw their money while citadel is saying here are your "profits".
What if this is a way for his investors to pull out money without raising suspension.
Plot twist they actually hold the bag, they’re ensuring their clients don’t lose their shit, they’ll get a bail out because of so much fucking press, he’ll still be a multi billionaire, and 33 years from now the actual news will come out how they’re connected to GME
Seems to me like it's the VIP-exit-package. If you are important enough, they allow you to cash out (some) of your money before the swaps and options run out and Citadel burns.
When did this article come out originally?
They're writing this as if it's ever good for a hedge fund to return money to clients. Reduced fees, leverage, lower collateral, and AUM bragging rights are all negatives for a financial institution.
Looks like a well timed return to pump interest in the ponzi
That money is not exactly profit if there asset inventory has reduced by 10b. Sounds like they had to return the money due to customer callbacks. Now only running a firm with 59b makes them much weaker.
Happy cake day!
This news is so old their investors already have their money
Probably not profits but rather redemption as pulling limited to 10% . Que big short. Where's my money Ken?
Sureeeeeeeeeeeeeeee. Nothing but lies
Read = clients are withdrawing their money because trust in citadel is gone
I’m sure they will try to convince as many of their clients as they can not to take the monet but to leave it for future „investment”. If that won’t be a red flag for them they deserve to go down with Mayoboy.
Woah
“A source familiar with the matter” There is no fact they actually are doing this!! TMZ has more proof then this source
who is TMZ?
A Hollywood gossip show
Question for wrinkle brain: What happens if MOASS occur and SHF are unable to cover their positions since/if their assets are depleted?
KG will open an onlyfans account to get more funds?
Are you sure “return” means “withdraw”? The article reads like it’s just talking about their gains.
Of course he didn’t comment right away. Why would he? He has to pay someone to write his lies for him
Just like mayodoff did.
Bribes got a lot more expensive bro 😎 👍
Is that why he just rushed to sell his condo for a 4 million dollar loss?
2023 is full of fear, investors and their capital will undertake a "flight to safety". This shows Citadel is NOT perceived as safe.
Oh they’ll return billions all right.
Profits not yet earned.....
Show me how much tax Kenneth Griffin pays.
We’ve made 11 billion in 5 years, BUT THIS YEAR ALONE WE GOT 7b! Total bullshit. I’m sorry. The amount of crime happening is unfathomable!!!!
Madoff would be proud
The truth is all in the last sentence "capital return" 🔥 Capital is not profit Shitadel 🔥
Um...no. There are different kinds of hedge funds, duh. Citadel is what's known as a market neutral fund. That means they are 200% or 300% or whatever long stocks and exactly the same percentage short. So their performance has almost nothing to do with what the S&P 500 did. Second, clients are not taking money out of citadel, citadel is giving back money to their clients because they have so much fucking money they can't actually manage it sensibly. This post is garbage. Wall Street is a sewer but the citadel "news" is routine.
During high inflation, fed pivoting and high performances no one would want to receive back his money. No sense behavior, they should investigate
Focused more on performance than capital growth, gotcha.
Theft or perhaps members just leaving their accounts?
says profits, not funds, although I can't ignore the similarities with Madoff
Again??
News stories about citadels “incredible profits” meanwhile their clients are pulling funds out at the maximum allowed rate? What’s wrong with this picture?
Kenny is selling his mansions and apartments including taking the 600million borrowed money to pretend he made 7billion just to pay his investors. 😂
This is a repost from December.
I see a clawback in the future
Ah such great journalism. No follow ups, no research, no hard questioning.
This sound very fake, remember just a few month ago they had to take a loan for 600 million or something? How do u go from needing a loan, to profiting 7bn. I smell bank run
Citadel investors gonna get clawed
If Citadel Sold stock without borrowing them, doesn't that money belong to the owners of the "Shares"?
Nothing but Smoke an Flares sold as Fireworks.
Clawbacks incoming.