You might think the biggest problem billionaire Citadel boss Ken Griffin faces in moving his hedge fund and market-making empire from crime-ridden Chicago to the sunny and far less dangerous confines of Miami is the cost of the move. Yes, his team will be eating losses on expensive real estate (including his Chicago penthouse) that they need to unload at fire sale prices.
But an even bigger issue, company insiders tell On The Money, is finding enough high-end private schools to accommodate his fat cat bankers and traders who are also making the move and worrying about whether the Sunshine State can provide a decent education for their kids.
“There just aren’t enough of these places,” one source said.
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As a proud graduate of the very public Yorktown High School in Westchester County, I’m hardly an expert at private schools here in New York much less south Florida. So I consulted that invention known as “The Google” for the best private schools in the area.