Ken Griffin, founder of hedge‑fund giant Citadel, took aim at New York City Mayor Zohran Mamdani during the Milken Institute Global Conference in Los Angeles. Griffin said the mayor’s criticism of his $238 million Central Park South residence signals that New York “doesn’t welcome success.” for tremendous investors. in the city today

Citadel’s chief executive warned that the city’s stance could drive the firm’s expansion plans northward. Griffin added that the hedge fund would “double down” on Miami, positioning the South‑Florida city as a hub for growth rather than Manhattan. in the next years as market leaders seek new opportunities across the coast

The $238 million deal for the Central Park South home set a U.S. record when Citadel bought the property in 2019. Mamdani’s public remarks followed a video clip in which the mayor stood outside the house, sparking criticism from investors who view the move as a warning to high‑net‑worth firms today

Griffin’s remarks signal a shift in Citadel’s geographic focus amid a broader debate over New York’s tax climate and regulatory scrutiny. Investors will monitor how the hedge fund reallocates capital and whether Miami’s growing financial ecosystem can absorb the firm’s sizable presence, potentially reshaping regional investment flows for the future of the