The national debate over immigration, legal or otherwise,
seems to be heating up again. And although the de facto
reconquista of the southwest by Spanish-speaking immigrants may
seemingly have little to do with the world of hedge funds, the
rapid hispanization of America has translated into investment
themes that are making their way into investment portfolios.
Nowhere is this more evident than in Ken Griffin's portfolio
over at Citadel Investment Group.
Citadel is one of the largest shareholders in the
Spanish-language television network Univision, which produces
Emmy-award winning shows aired on company-owned stations from
San Francisco to New York. Filings with the U.S. Securities and
Exchange Commission reveal that, as of the third quarter,
Citadel owned a $250 million stake in Univision.
One of Citadel's largest portfolio bets, Univision shows
that the Chicago hedge fund giant sees Spanish TV as more than
zany variety shows featuring grown men dressed...