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Kenneth Griffin cites irreconcilable differences for divorce

Georgia investors might be interested to learn that Kenneth Griffin, the founder of the $20 billion investment firm Citadel LLC, has filed for divorce. It is not yet known whether his wife will seek a share of the company's assets or how the divorce will effect Citadel's finances, if at all, but despite signing a prenuptial agreement, Anne Griffin might have a claim that would impact the company.

The Griffins have been married since 2003, though according to papers filed by Kenneth Griffin on July 23, 2014, the couple was separated for the past year. The paperwork suggests that Kenneth Griffin wishes to share custody of the couple's three young children. The paperwork was filed just as Anne Griffin was taking the children on a summer vacation, and thus could not respond, according to her attorney. The attorney did not comment on whether his client would ask for a share of Citadel's assets in the divorce. This was the first marriage for the French-born woman, but the second marriage for Kenneth Griffin.

Kenneth Griffin founded Citadel in 1990. However, Anne Griffin also founded a company, Aragon Global Management LLC, an investment firm that at its peak handled $200 million in assets. She retired from being a managing partner at Aragon in 2009, but the company has continued to manage her wealth. Her husband's wealth is valued at $5.6 billion, as estimated by the Bloomberg Billionaires Index.

Going through a divorce does not have to be difficult if the couple can agree on terms of a divorce settlement and important issues such as child custody. When couples cannot agree on important points, an attorney could employ negotiation strategies to assist clients in obtaining fair settlements.

Source: Bloomberg, "Citadel’s Griffin Seeks Divorce After 11-Year Marriage", Andrew Harris, Saijel Kishan and Katherine Burton , July 24, 2014

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