Ken Griffin operating trading room at the Four Seasons Palm Beach during hotel closure

Hotels in Palm Beach County were ordered to close earlier this week

TRD MIAMI /
Apr.April 02, 2020 05:30 PM
Ken Griffin and the Four Seasons Resort Palm Beach

Ken Griffin and the Four Seasons Resort Palm Beach (Credit: Larry Busacca/Getty Images)

UPDATED, April 2, 7:30 p.m.: Billionaire hedge funder Ken Griffin set up a trading room for his Citadel Securities at the Four Seasons Resort Palm Beach, prior to the county’s order closing all hotels in Palm Beach County.

Griffin flew in traders and staff from his New York and Chicago offices to work out of the temporary trading floor, as first reported by Bloomberg, days after Florida Gov. Ron DeSantis ordered that all New Yorkers self-quarantine for a period of two weeks after arriving in the Sunshine State. A statewide stay-at-home order went into effect in Florida this week. The traders will also sleep at the hotel, Bloomberg reported.

Griffin was DeSantis’ top donor in his race for governor nearly two years ago. Griffin, a Daytona Beach native who has spent roughly $350 million on properties in Palm Beach, gave nearly $6 million to a political committee backing DeSantis, the Miami Herald reported.

Hotels in Palm Beach County closed as of midnight on Monday. The exception is for essential guests, who include healthcare workers, National Guard members and other critical guests. The Four Seasons is not accepting reservations until June, according to the Herald.

Citadel said that it’s trading volume has increased significantly during the coronavirus crisis, prompting it to open temporary offices in Palm Beach and Greenwich, Connecticut. [Miami Herald]Katherine Kallergis

This story has been updated to reflect that Citadel said it reserved the hotel prior to Palm Beach County ordering the closure of hotels. 


Related Articles

arrow_forward_ios
Map of priciest condo sales and Icon South Beach (Credit: Google Maps and Gzzz via Wikipedia)

Miami condo sales volume nosedives in mid-May

Miami condo sales volume nosedives in mid-May
Steve Schonfeld, Bellaria condominium complex (Credit: Google Maps)

Hedge funder Steven Schonfeld sells Palm Beach condo

Hedge funder Steven Schonfeld sells Palm Beach condo
110 Atlantic Avenue, Scott Schuster (Credit: Google Maps)

Healthcare entrepreneur sells Palm Beach home for $8M

Healthcare entrepreneur sells Palm Beach home for $8M
Miami Beach Votes To Reopen Pools (Credit: iStock)

Miami Beach votes to reopen pools in resi buildings, but needs the county to sign off

Miami Beach votes to reopen pools in resi buildings, but needs the county to sign off
(Credit: iStock)

Home sales dropped big time in South Florida in April

Home sales dropped big time in South Florida in April
Miami Beach Mayor Dan Gelber and City Manager Jimmy Morales (Credit: Nicholas Hunt/Getty Images, and Mike Coppola/Getty Images)

Miami-Dade targets June 1 opening date for hotels, beaches following Miami Beach vote

Miami-Dade targets June 1 opening date for hotels, beaches following Miami Beach vote
(Credit: iStock)

Luxury condo prices drop in downtown Miami amid lockdown

Luxury condo prices drop in downtown Miami amid lockdown
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...