Citadel Buys Goldman Alum’s Company to Trade Power in Japan

-- Ken Griffin’s Citadel is buying Energy Grid Corp., a company that trades and sells power products, as the hedge fund firm expands its commodities business in Japan .Bolivia’s President Arce Swears in New Army Chief After Coup Bid

Commodity returns have been a boon for Citadel and a major profit driver. Last year, Citadel’s commodity-trading business made more than $4 billion, Bloomberg reported in February. It’s one of five core strategies for the firm, along with equities, credit, quantitative strategies, and macro and fixed income.

Following the integration, the company will broaden hedging solutions for Japanese energy producers and consumers, said Citadel’s Head of Commodities Sebastian Barrack. Citadel has about 200 staff in Asia. After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.Holding high-yield dividend stocks such as Enbridge in an RRSP can help Canadian investors build long-term wealth. The post Why I Can’t Stop Buying Shares of This Magnificent High-Yield Stock in My RRSP appeared first on The Motley Fool Canada.

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