Billionaire Kenneth Griffin goes on record-setting spending spree
Over last two years, chief executive of Citadel has spent nearly US$300m and set new price records in three cities
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THE billionaire hedge fund manager Kenneth Griffin is known as an aggressive trader who waits for prices to fall before buying. But when it comes to personal real estate, Mr Griffin appears to be less price-sensitive.
Over the last two years, Mr Griffin, the chief executive of the investment firm Citadel, has gone on a multicity real estate shopping spree. He has spent nearly US$300 million and set new price records in three cities, according to people familiar with his buying. They requested anonymity because they were not authorised to talk about the deals.
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