Citadel’s Griffin Says Going to Cash May Have Been Best in Tariff Turmoil

As markets soared on a truce in the trade war between the US and China, Citadel founder Ken Griffin reflected on the past month, suggesting it would have been better to sit on the sidelines in cash.

“It’s been a really difficult time for fundamental investors because so much of the value of the companies that we invest in is being dictated by very quickly changing policies from Washington,” Griffin, 56, said in an interview late Monday for an upcoming series for Bloomberg Originals, Bullish.