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Citadel billionaire Ken Griffin defends Melvin stake against ‘insane’ theory

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Ken Griffin

Lucy Nicholson | Reuters

Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania.

“No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.”

The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.

“If I had to run my business on the possibility of an insane conspiracy…



Source cnbc.com

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