Griffin's Citadel Accumulates 5% Stake in Ciena (CIEN)
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In a 13G filing before the open on Ciena (Nasdaq: CIEN) Ken Griffin's Citadel Investment Group disclosed a 5% stake (4,692,990 shares) in the company. This is up from the 113,680 share held at the quarter ended June 30, 2008. A 13G indicates a 'passive investment.'
Ciena Corporation provides network infrastructure, associated software, and professional services in the United States and internationally.
Citadel Investment Group LLC is a multi-billion dollar hedge fund, founded by Kenneth Griffin in 1990. The company deploys its capital across a highly diversified set of proprietary investment strategies in nearly all major asset classes.
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