Ken Griffin, founder of Citadel hedge fund, has joined a consortium of investors led by Sir Paul Marshall to prepare a bid for the Telegraph Group, according to people familiar with the situation.
Marshall, co-founder of London-based hedge fund Marshall Wace, is gearing up to bid for the UK news company through his UnHerd Ventures media group ahead of an auction that is expected to begin in the next few weeks.
Griffin is one of the world’s richest men, with Citadel last year becoming the most successful hedge fund manager ever. He began trading convertible bonds as an undergraduate at Harvard University in the 1980s, laying the foundations for the launch of his Citadel hedge fund in 1990.
Read the full story on the Financial Times here.