(Bloomberg) -- Ken Griffin, founder of the $27 billion Citadel, said he's concerned about quickening inflation globally amid “general complacency” around the risks of such a shock.
“With the global economy rebounding and resource utilization tightening, we are carefully positioning for the possibility that inflation surprises to the upside,” Griffin wrote in a Jan. 31 letter to investors posted on Citadel's website on Feb. 2.
Griffin said global growth prospects remain positive, citing optimism in the U.S. fueled by a pro-business regulatory environment and tax reform as well as improvement in European unemployment levels. Yet “some dark clouds potentially loom on the horizon,” he wrote.
Citadel's main hedge funds gained 13 percent last year.
--With assistance from Heather Perlberg
To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net.
To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Vincent Bielski
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