Ken Griffin to meet with Hochul to discuss New – Business News
Ken Griffin, founder and CEO of the hedge fund and market trading firm Citadel, stated on Tuesday he’ll meet with New York State Gov. Kathy Hochul on Thursday to speak about its “future direction.”
Earlier this month Kathy Hochul proposed a new tax on second properties price over $5 million that was backed by New York Mayor Zohran Mamdani. The so-called pied-à-terre tax is geared toward supporting Mamdani’s efforts to close New York City’s price range hole.
Ken Griffin’s Citadel hedge fund has objected to Mayor Zohran Mamdani’s attempt to use Griffin’s title in his push to tax people from outdoors the state who own New York City residences. REUTERS
Miami-based hedge fund Citadel has objected to Mamdani’s attempt to use Griffin’s title in his push to tax people from outdoors the state who own New York City residences.
“I think the willingness of a mayor of New York to make this a policy debate a personal attack, just demonstrated a profound lack of judgment,” Griffin stated during a Norges Bank Investment Management convention in Oslo.
The chief of the $67 billion hedge fund added that he would meet with Hochul to discuss in regards to the future direction of New York.
Mamdani, a democratic socialist, final week filmed a video titled, “Happy Tax Day, New York. We’re taxing the rich,” in entrance of Griffin’s penthouse.
Gov. Kathy Hochul proposed a new tax on second properties price over $5 million that was backed by Mamdani.
Mamdani final week filmed a video titled, “Happy Tax Day, New York. We’re taxing the rich,” in entrance of Griffin’s penthouse. X / @NYCMayor
“Is New York going to put their fiscal house in order and run itself from a position of strong government that’s pro-business? Why do Americans think we can do socialism?,” Griffin stated.
Citadel’s principals and crew members have paid almost $2.3 billion in metropolis and state taxes over the previous 5 years, Citadel Chief Operating Officer Gerald Beeson stated in an inside memo seen by Reuters final week.
