Billionaire hedge fund manager Ken Griffin recently treated over 1,200 employees and their families to an all-expenses-paid trip to Tokyo Disneyland Resort, in celebration of major milestones for his companies.
Extravagant Company Celebration
Griffin, who heads the global investment firm Citadel and the trading firm Citadel Securities, brought together employees from offices in Hong Kong, Singapore, Sydney, Shanghai, Tokyo, and Gurugram for the over-the-top company anniversary event.
The three-day Tokyo Disneyland trip took place from October 27-29 and covered all costs of travel, hotel accommodations, park tickets, food, entertainment, and even childcare for employees’ families.
In addition to unlimited access to the Tokyo Disneyland and DisneySea theme parks, employees were provided with expedited “fast passes” to skip long lines for rides and attractions. The weekend also included a private concert with performances by pop band Maroon 5 and renowned DJ Calvin Harris.
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Marking Major Milestones
The extravagant Tokyo Disneyland trip was organized to mark Citadel’s 30th anniversary and the 20th anniversary of Citadel Securities. In a speech at the event, Griffin highlighted the occasion as a celebration of the companies’ achievements over the past decades.
“Today, the range of talent we have brought together is simply astonishing. We’ve created not one, but two firms at the forefront of the industry. Together, we have imagined and built the future of finance,” Griffin told employees.
With a net worth estimated at $35.4 billion, Griffin spared no expense in treating staff to the over-the-top work anniversary gift. This Japan trip followed a similar employee appreciation event held last December at Disney World in Orlando for the company’s U.S. and European staff.
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Investing in Employees
Providing unique perks and experiences for employees has become a signature for Griffin. Earlier this year, the billionaire also spent over $1 million to send 10 employees to the Super Bowl.
While extravagant, Griffin’s approach illustrates the emphasis placed on employee satisfaction and retention. In a competitive landscape, attracting and keeping top talent has been a priority.
With Citadel and Citadel Securities more than doubling their workforce over the past three years, the companies now employ over 400 staff across Asia Pacific. The recent Disney celebrations served as a grand gesture of gratitude toward employees.
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Continued Growth and Success
Despite a tough year for many hedge funds, Citadel and Citadel Securities have continued to thrive, enabling Griffin’s grand displays of appreciation.
Citadel Securities now accounts for nearly half of all U.S. stock trading activity. The company brought in record annual profits of $7.5 billion last year.
Meanwhile, Citadel’s flagship Wellington hedge fund returned 32% last year, outperforming the broader market indices. This winning streak has continued, with the fund already up 15% through August of this year.
As his firms celebrate major milestones, Griffin’s investments in employee satisfaction aim to drive continued success and growth for the years ahead. The Tokyo Disneyland trip provided a memorable way to mark the occasion.
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