Re-release: Managing the Legal Department of the World’s Most Profitable Hedge Fund

Re-release: Managing the Legal Department of the World’s Most Profitable Hedge Fund

June 18, 2026 · 46 min

About this episode

John interviews Shawn Fagan about the legal challenges faced by Citadel, the world's most profitable hedge fund.

John is joined by Shawn Fagan, the Chief Legal Officer of Citadel LLC and a key legal figure at Citadel Securities. Citadel is the most profitable hedge fund globally, while Citadel Securities is a leading market maker, processing nearly one-third of U.S. equities and options trades. They discuss Shawn’s insights into the unique legal challenges of these rapidly growing organizations. Shawn has essentially four clients: Citadel, Citadel Securities, founder Ken Griffin, and Griffin’s family of...

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