Billionaire Ken Griffin Boosted His Stake in This Dividend King by 146%. Here's Why It's a Dream Stock for Risk-Averse Investors.
Griffin is at the helm of the world's most profitable hedge fund.
Overview
Investors pay careful attention to Ken Griffin's moves for one major reason: The founder of Citadel has an extremely solid track record of success. Citadel, which oversees $69 billion, in January was named the most profitable hedge fund ever, winning this accolade for the fourth straight year.
Griffin's funds also carried their success through the first half of this year, with positive returns across strategies, according to a recent CNBC report. The billionaire uses a variety of techniques, including focuses on in-depth research and managing risk, in order to deliver the strongest possible returns in any market environment.
Details
With all of this in mind, let's consider one of the billionaire's latest moves. He boosted his stake in one particular Dividend King by 146% in the first quarter. Here's why it's an ideal choice for investors who are uncomfortable with risk.
Source
Originally published at www.fool.com.