Business

Ken Griffin moves from Chicago to Miami after filing a crime complaint

Billionaire Ken Griffin is moving its hedge fund company Citadel from Chicago to Miami, the third largest employer announces move company headquarters from Illinois in the past two months.

In a letter to employees on Thursday, Mr Griffin said he had moved to Florida – a state that does not collect personal income tax – and that his market-making business, Citadel Securities Company, will also transfer. He wrote that he considers Florida a better business environment, and although he did not specifically cite crime as a factor, company officials said it was a consideration.

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