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Billionaire Ken Griffin is relocating his large hedge-fund agency Citadel from Chicago to Miami, the third main employer to announce the transfer of a company headquarters from Illinois up to now two months.
In a letter to workers Thursday, Mr. Griffin mentioned he had personally moved to Florida and that his market-making enterprise, Citadel Securities, would additionally switch. He wrote that he views Florida as a greater company surroundings and although he didn’t particularly cite crime as an element, firm officers mentioned it was a consideration.
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