Citadel’s Griffin worried about next U.S. market downturn: CNBC

June 7, 2017 2:02 pm
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Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017.

REUTERS/Lucy Nicholson

NEW YORK Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said Wednesday that the run-up in the U.S. stock market was not over, but that he was concerned about the ability to address the next downturn.

"I think this business cycle has further to go. I think the stock market is going to go with that, but what’s worrisome is: the firepower that we have to address the next downturn is somewhat constrained," Griffin told cable television network CNBC.

(Reporting by Sam Forgione; Editing by Lisa Shumaker)

Reuters

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