In this September 21, 25025 article ($), Bloomberg’s Lulu Yilun Chen and Katherine Doherty provide a rare look inside the unique goal-setting ritual at Citadel Securities. Alphacution provides key quotes:
“Citadel Securities is maniacal in their attention to detail,” said Paul Rowady, founder of Alphacution Research Conservatory. “This is part of their secret sauce. Every part of the organization is a revenue source, not an expense. And that is a mindset that very few organizations hold.”
“Outperformance is coming at the expense of somebody else,” Rowady said. “There is only so much performance, because there is only so much liquidity.”
