The facts speak for themselves - stunning losses for the Company, catastrophic losses for the shareholders. Despite a rough 2008, Griffin acted in 2009 to build an investment-banking operation to take advantage of the market hole left by collapsed i-banks. Salary in 2023. This transaction included acquiring E-Trade's securitized subprime mortgages, collateralized debt obligations (CDOs) and second lien loans, as well as 12.5% senior unsecured notes, and 84,687,686 shares of common stock (equal to 19.99% of the then currently outstanding shares). In a news release, the agency cited her work on cases involving. Adam Cooper was born in England, United Kingdom on Thursday, July 22, 1971 (Generation X). [37], In 2021, Citadel ranked second among the top money managers for net gains. As of 2022, multiple sources (such as FamousPeopleToday.com) agree that Adam Conover's net worth is estimated at somewhere in between 0.5 to 1 Million dollars. Citadel Names Shawn Fagan General Counsel of its Hedge Fund Business. Identities / Adam Cooper. Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of February 2017, Zia Ahmed, a. Ms. Keefe had been regional director of the Securities and Exchange Commission's Midwest office since 1994; she joined the agency in 1982. Adam Cooper net worth and salary income estimation Since November of 2007, the Board has continually failed to act in the best interest of E*TRADE shareholders. She will report to Adam Cooper, Citadel general counsel. Citadel employees have frequently followed their bosss entrepreneurial spirit and struck out on their own, founding new financial firms, including Polygon Investment Partners, Headlands Technologies, Senrigan Master Fund, RoundKeep Capital Advisors, Whiteside Energy, Steeplechase Group, and Abax Global Capital. Cancers attract friends and lovers through their loyalty, commitment, and emotional depth. Ken Griffin Net Worth Jumps $6.5 Billion After Citadel Securities Deal Kenneth Cordele Griffin was born October 15, 1968, and grew up largely in Boca Raton, Florida, with some time in Texas and Wisconsin. As part of Citadel's guest speaker series, which brings the firm's team members face-to-face with icons in business, technology, and beyond, Adam sat down with Cubs . The calculation of his fortune doesn't yet include gains from his hedge fund in . The following annual return numbers were generated from data collected from public sources by the investor Graham Giller and from published sources. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. Adam Cooper is Chief Legal Officer of Citadel. However, they rebounded with a 62% return in 2009. E*TRADE has reached a pivotal moment where decisive action can be taken to generate value for all shareholders. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Adam Coopers source of wealth comes from being a dancer. [19], On January 17, 2012, Citadel's flagship funds, Citadel Kensington Global Strategies Fund Ltd and Citadel Wellington LLC, crossed their respective high watermarks, earning back the 50% of assets lost during the 2008 financial crisis. [44][45][42] In 2006, Citadel's two funds had approximately 10 percent of its assets invested in reinsurance. ADAMCOOPER The chief legal officer, Cooper sits on the boards of Northwestern Universitys law school and the Childrens Memorial Foundation. Adam Ashley-Cooper Wiki, Biography, Age, Wife, Net Worth, Family Having endured nearly four years of value destruction and lost opportunity, we believe it is time for change. She previously worked as an analyst of food markets for Salomon Smith Barney. JULIO DePIETRO After 11 years working on convertible bonds, DePietro left Citadel in 2003 to become a filmmaker. , hedge funds, on average, returned just a mere 3.78%, the lowest annual return since the 1.85% loss in 2011. I am grateful to Adam for his leadership on so many fronts and wish him the best over the years to come., Finance Magnates is a global B2B provider of multi-asset trading news, Under Review. Although those two funds made up some of the lost ground with 62 percent gains in 2009, they were still down 27 percent over the two years. An excerpt from Roger Eberts review encapsulates the movies tepid reception: Will you like The Good Guy? A few of these titans have retired in recent years. from 8 AM - 9 PM ET. [38], In 2022, Citadel's hedge fund unit posted its record year of revenues to date, generating about $28 billion in revenue. Its not the first time the company has entered into business areas that are unusual for hedge fundsfor example, Citadel created and sells administrative services for other hedge funds, although a late-March report indicated it may sell that part of the company to Northern Trust. The publication US Banker reported Aragons value as $68 million in 2009, making it the largest hedge fund run by a woman. Read the Angry Letter Ken Griffin's Citadel Sent to the E - Insider He played the lead role in Matthew Bournes contemporary dance production of Swan Lake. The surprise became a running joke. Sign up for notifications from Insider! (1) Yet, despite a powerful brand and excellent products, under the stewardship of E*TRADEs Board the Company has lost money every year since 2006. When public opinion goes against your business, do as Citadel Investment Group has and hedge with . Adam Sessler Net Worth | Celebrity Net Worth [42] To achieve this move, Citadel, through capitalization via their funds, entered the reinsurer industry, which provides insurance companies with their own policies to spread the risk of losses that they have given to their customers, in 2004 by founding CIG Reinsurance Ltd (CIG Re), a Bermuda-based catastrophe reinsurer providing $450 million in capital. Hes the billionaire founder of the Chicago-based hedge fund Citadel. We do not believe the current Board will take these steps on its own. As the founder and head of the Chicago-based hedge fund Citadel, Griffin is reported to be worth $2.3 billion, making him the fifth-richest Chicagoan and 159th-richest American, according to. Mary Keefe was regional director of the Chicago SEC office. CHICAGO, Dec. 20, 2016 /PRNewswire/ --Citadel today announced the retirement of Chief Legal Officer Adam C. Cooper effective the end of February 2017. The hedge fund, a big shareholder, aggressively calls for three changes, outlined below in the letter. Nonetheless, the preponderance of the donations has gone to Republicans. A Financial Firm Quarantines at the Four Seasons", "The Wall Street Journal News Exclusive | Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management", "GameStop Stock Soars, and Social-Media Traders Claim Victory", "The Wall Street Journal News Exclusive | Short Bets Pummel Hot Hedge Fund Melvin Capital", "Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints", "Ken Griffin's Citadel ditches Chicago for Miami following crime complaints", "Ken Griffin's Citadel Move Is 'Punch in the Gut' for Chicago", "Citadel leads the way in financial self-sufficiency", "Two new members elected to University of Chicago Board of Trustees", "Exclusive: Who Makes Money on Your Stock Trades", "These Are the World's Top Hedge Funds for 2021", "Citadel posts record revenues for hedge fund, securities ops in 2022", "Citadel becomes the most profitable hedge fund in history", "Citadel Posted 25% Return Last Year, Beating Industry Again", "Hedge fund Citadel shuttering Bermuda reinsurer", "Looking Afield, Hedge Funds Launch Reinsurance Firms", "Citadel forms new reinsurer - New Castle Re targets catastrophe reinsurance, AM Best says", "Hedge Funds Place Big Bets on Hurricane Season", "Citadel's hedge fund woes threaten New Castle Re's rating", "Torus takes New Castle Re renewal rights", "Chris McKeown, the founder of Bermuda reinsurers CIG Reinsurance Ltd. and New Castle Reinsurance Co., has been named chief executive officer of global analytical and specialty practices", "A Winning Night for Hedge Fund Managers and Investors", "Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser", "REDI and Citadel Technology Tackle the "Holy Grail", "Citadel technology preps end to end solutions suite", "A hedge fund superstar - Citadel founder Ken Griffin is already one of the world's most powerful investors", "Citadel Founder Offers Thanks and Apologies on Anniversary", "Why Ken Griffin hated one of his first jobs", "Derivatives trading safer and more efficient, says Citadel", "Ban high-speed trading? Citadel Advisors Llc is a hedge fund that manages 175.8 BN dollars in regulatory AUM and has 979 employees, of which 751 perform . Citadel's Adam Cooper writes that E-trade is still burdened by a disastrous foray into mortgage-related securities and reminds the company that it was saved after plunging 58% in one day by a $2.5 billion cash infusion led by Citadel. An article in the South Florida Sun-Sentinel in 1986 described the 17-year-old Griffins software distribution company, EDCOM, which sold discounted educational software to college professors. She began her job as regional director responsible for a nine-state area of the Midwest in July 1994. Still, there were a few fund that delivered impressive returns such as Bill Ackman's Pershing Square. He was with the firm when it suffered a roughly 50 percent loss in its main fund during the financial crisis and as it rebounded, and most recently expanded its equities business aggressively. English dancer and choreographer who has danced in classical ballets and is a former Principal of the Royal Ballet in London. investing. See here for a complete list of exchanges and delays. https://www.centricusacquisitioncorp.com/team/default.aspx Meyer entrusted $1 million of Glenwood cash to Griffin, who produced an attention-getting one-year returnThe New York Times reported it as 70 percent. The Boards continued inaction over the next year and a half led to the Company being advised that there would be a public regulatory action 2 unless E*TRADE raised additional equity capital and reduced debt levels and debt service payments. Cancer is a cardinal water sign. Citadel received a seat on the board of directors. Alpha magazine. Please check back soon for updates. He attended Boca Raton Community High School, a public school, where he was president of the math club. Ken gave $70,000 to Rod Blagojevich in 2002 and 2003. We believe it is time for E*TRADEs shareholders to come first. Hedge funds typically collect a flat 2 percent of what investors place with the fund and keep 20 percent of the gains. GERALD BEESON The chief operating officer, Beeson joined the firm as an accounting intern in 1993, according to a BusinessWeek online profile. The partnership combines Citadel's order management system (OMS) with REDI's execution management capabilities (EMS). $200,000 to Rahm Emanuels mayoral campaign. Adam Cooper net worth and salary: Adam Cooper is a Dancer who has a net worth of $1.9 Million. Citadels assets plunged in value, and Griffin found himself forced to put up gates (that is, forbid investors to withdraw their money). When mortgage-backed securities began tanking in 2007, Magnetars fund with the greatest exposure to CDO trades went up 76 percent, according to ProPublica. His net worth has been growing significantly in 2020-2021. 2 We face negative regulatory actions, including a public form of supervisory action by the Office of Thrift Supervision, or OTS, if we do not raise sufficient new cash equity to support E*TRADE Bank and reduce debt at the Company. E*TRADE Prospectus Supplement, June 18, 2009 at S-15. Citadel LLC Hedge fund Chief Legal Officer. The SEC said Keefe, 53, will leave her position next month. Some of his charitable contributions are distributed by the Citadel Group Foundation (CGF), a private foundation. Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of February 2017, Zia Ahmed, a spokesman for the firm said. Other hedge funds have received federal subpoenas from the SEC andstate subpoenas from New York and Massachusetts in connection with theongoing mutual fund market-timing and late-trading scandal. A quick review of the Boards repeated failure to address key issues before they reached crises levels is instructive. Griffin first appeared in Forbes magazines list of the 400 richest Americans in 2003. "[21] Starting at the beginning of 2014, over an 18 months period the hedge fund's assets under management increased $10 billion; from $16 billion to $26 billion as a result of "a 29% rise for its main hedge funds and a flow of new cash. $200 per post at $10/CPM. In addition, this allowed Citadel to overtake Bridgewater in the list of the most profitable hedge funds in history according to experts from LCH Investments. During the 2010 elections for Illinois state legislative seats, the Griffins were the number one donors to Republicans, giving $445,000 according to the Illinois Campaign for Political Reform. Here is a partial list of their contributions (because public access to charities tax documents lags behind their activity by more than a year, donations from the foundations in 2009 and 2010 may be missing from this list): $19 MILLION to the Art Institute in 2006 for the Modern Wing; the main hallway and atrium off the Millennium Park entrance are now the Kenneth and Anne Griffin Court, $996,440 in total from CGF to the Chicago Symphony Orchestra (2002, 2003, 2005, 2007, 2008, 2009), $675,000 in January 2007 to a program at the Chicago Public Education Fund designed to prepare teachers and principals for public schools, $500,000 and the loan of the Jasper Johns painting False Start to a 200708 Art Institute exhibit called Jasper Johns: Gray, $240,000 in total from CGF to the Latin School of Chicago (2005, 2007), $10 MILLION from the couples foundation in October 2009 for the Griffin Early Childhood Center in Chicago Heights, an experimental school headed by the University of Chicago economist John List that opened in September 2010; some children attend free preschool while the parents of other students attend courses at the Parent Academy, $480,171 in total from CGF to Absolute Return for Kids, a London-based charity promoting child health, education, and protection (2002, 2004, 2005), $675,000 in total from CGF to Paul Tudor Joness Robin Hood Foundation (2001, 2002, 2004, 2005, 2006), $566,200 in total from CGF to the Chicago Public Library Foundation (19992010), $16 MILLION from the couples foundation to Childrens Memorial Hospital in January 2010 for an emergency care center in the new building under construction in Streeterville, $2.25 MILLION in 2005 to Woodlawn Secondary School, a charter school operated by the University of Chicago, Between $500,000 and $1 MILLION to Chicago 2016, the nonprofit that ran Chicagos bid for the 2016 Summer Olympics, $403,200 in total from CGF to the Museum of Science and Industry (200609). Griffin married Anne Dias, another hedge fund manager, in 2003; they held their wedding reception at Versailles. Overall, 2014 was an incredibly underwhelming year in the hedge fund world. Their wedding featured a reception at Versailles that Fortune says included performances by Cirque du Soleil and Donna Summer. Adam Cooper net worth Feb, 2023 Adam Cooper (born 22 July 1971) is an English actor, choreographer, dancer and theatre director. ALEX LURYE Lurye heads global portfolio construction and risk, gauging the firms risk tolerance. Ken Griffin's Citadel sent a heated letter to the board of E-trade today to tell the company that it has "squandered" a "phenomenal franchise.". He began his professional career as a dancer of classical ballet and contemporary ballet and is a former Principal of the Royal Ballet, a major international ballet company based in London. (This list first ran in the magazine Alpha, which merged with Absolute Return to become AR.) Keefe, 53,begins her new job in January. I am grateful to Adam for his leadership on so many fronts and wish him the best over the years to come," said Ken Griffin. [50] The firm runs 500 stress tests each day to simulate the impact of potential economic and geopolitical crises or other market dislocation. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. This year, we've counted 40 names in the hedge fund industry. 3.The removal of Michael Parks and Donna Weaver as Directors of the Company and the election of qualified independent director replacements. He has made the list every year since. Title: Senior Managing Director and Chief Legal Officer. With the departure of Robert Druskin as Chairman of the Board and one other Board member, the Board has the opportunity to fill vacated seats with qualified, independent, objective candidates who are not tainted by the Companys past and ongoing management failures. MIKHAIL MALYSHEV Malyshev, known as Misha, left Citadel in February 2009 along with Jace Kohlmeier to form Teza Technologies. Citadel is a global investment firm built around world-class talent, sound risk management and powerful and innovative technology. Adam Cooper, Citadel's Chief Legal Officer, To Retire After 18 Years of American venture capitalist and attorney Adam Dell is best known as the younger brother of Michael Dell, who is the founder of Dell Inc. company. Accordingly, Citadel hereby requests that the Company promptly call a Special Meeting of its shareholders in order to consider and vote on the following critical matters aimed at maximizing value for all shareholders and increasing Board accountability: 1.A non-binding advisory shareholder resolution that a Special Committee of the Board, comprised of Directors who have joined the Board within the past three years, promptly retain the services of a nationally recognized investment banking firm that has not previously advised the Company or the Board to undertake a review of its strategic alternatives in order to maximize shareholder value, including a possible sale of the Company. Adam Cooper, our Chief Legal Officer, is not only a lifelong Cubs fan, but also an admirer of how the team's leaders have pulled off an historic turnaround in performance. Citadel's Adam Cooper to retire in 2017, Fagan promoted [56] In 2013, Citadel Technology announced a partnership with REDI. $1 Million - $5 Million. According to research firm Preqin, hedge funds, on average, returned just a mere 3.78%, the lowest annual return since the 1.85% loss in 2011. He currently resides in England, United Kingdom. Mr. Cooper, who joined Citadel in 1998, has served in several roles with Kenneth Griffin, the founder and Chief Executive Officer of Citadel. It is also time to move toward a Board that is accountable and responsible. While the Griffins love for art is widely known, the art worlds secrecy keeps specific acquisitions and their prices from publication. Who is this guy who has taken such a significant role in the life of the city? From 10 years old he gravitated toward the dramatic and began performing in local theater productions. Adam Cooper Parts Ways with Citadel Investment Group He earned the money being a professional Dancer. Adam reflects both of these Citadel traits., Reporting by Svea Herbst-Bayliss; Editing by Bernard Orr. [10] In 2006, Citadel and JP Morgan Chase took over the energy portfolio and division of failed hedge fund Amaranth Advisors, which had suffered a 65% ($6 billion) loss in assets. What is Adam Conover's Net Worth in 2022? - LADbible To stop the panic and avoid near certain failure, the Company secured a $2.5 billion cash infusion led by Citadel. Founded in 1990 by Ken Griffin, it has more than $62 billion in assets under management as of December 2022. I think the smart, hedge funds are looking at everything they're doing to make sure they aren't vulnerable.". "Adam has made many valuable contributions in helping build Citadel into one of the world's leading financial institutions. Leadership Lessons from Baseball: A Citadel Conversation Series with He studied tap and ballet at a young age and won a place at the performing arts school ArtsEd when he was 11 years old, before being accepted into the Royal Ballet Upper School when he was 16. [50] Citadel aggregates investment positions on trading screens to calculate "more than 500 doomsday scenarios" to assess the potential of risk for the firm. Manage Cookies, Adam Cooper Parts Ways with Citadel Investment Group, First Republic Bank's Fate in Limbo as FIDC Pushes for a Sale, Equiti Capital UK Promotes Deputy Group CFO to Become New CEO, 2023 Digital Banking Trends and the Future of Banking. Adam Cooper is an English actor, choreographer, dancer and theatre director. He and his wife, Anne Dias Griffin, have put a huge stamp on the Chicago arts scene, most notably with a $19 million donation for the Modern Wing at the Art Institute. 2023 TheStreet, Inc. All rights reserved. English dancer and choreographer who has danced in classical ballets and is a former Principal of the Royal Ballet in London. Citadel has promoted Shawn Fagan, current Senior Deputy General Counsel, to replace Adam, effective immediately. Adam Cooper (born 22 July 1971) is an English actor, choreographer, dancer and theatre director. He wrote and directed the 2009 feature The Good Guy, starring Anna Chlumsky, Alexis Bledel, and Andrew McCarthy. He holds a bachelors degree from Baruch College, a branch of the City University of New York. $2,000 The earliest donation in the databases: On June 12, 1998, Ken gave two separate $1,000 contributions to Daniel Inouye, the Democratic U.S. senator from Hawaii. Adam Dell Net Worth and Earnings 2022 | Wealthy Genius [53], Citadel Technology, established in 2009, was a wholly owned and independently operated affiliate of Citadel. In the last ten years or so, Ken Griffin has become one of the most prominent names in Chicago business, philanthropy, andto a less visible extentpolitics. Griffin has hedged his political bets, giving money to politicians on both sides of the aisle, including Representative Paul Ryan and Senator Tom Coburn, both Republicans, and the Democrats Rahm Emanuel (both for Congress and for mayor) and Senator Evan Bayh. More specifically, "2 and 20 means a hedge fund manager would charge investors 2% of total assets under management and 20% of any profits. Copyright 2023 "Finance Magnates CY Ltd." All The Chicago hedge fund, the fourth-largest in the world, is bringing21-year SEC veteran Keefe on board at a time when the industry facesincreased federal regulation and general scrutiny. E*TRADEs Board must take immediate action to consider how best to maximize shareholder value. The combined cost of these four properties is comparable to the budget of the government of the South Pacific island nation of Vanuatu. Adam Cooper is a member of Dancer Does Adam Cooper Dead or Alive? The hedge fund grew rapidly, often making high-profile moves to snap up distressed or unpopular assets. [43] Citadel additionally founded $500 million reinsurer New Castle Re in 2005, seeking to capitalize on rising prices for reinsurance in the wake of Hurricane Katrina's damage to property coverage costs. [60] In the aftermath of the 2008 financial crisis, Griffin and Citadel called for greater transparency in derivatives trading, a stance at odds with many other hedge funds and major financial firms. In addition, Citadel led the exchange of interest bearing notes for non-interest bearing convertible debentures, whereby $1.74 billion of the Companys interest-bearing debt was extinguished. Photo: Matthew Staver/Bloomberg via Getty Images, 21 Of The Coolest Perks For Hedge Fund Employees. Griffin called dismantling that law "one of the biggest fiascos of all time". No Problem. Adam Cooper, Citadels Chief Legal Officer, To Retire After 18 Years of Service. "[9][58] It is also reported that turnover is aligned with the hedge fund industry. To unlock the Asian market, register now to the iFX EXPO in Hong Kong. We scoured public documents, financial records, and other sources to come up with the answer. [54], In November 2006, Citadel became the second hedge fund to publicly issue bonds to investors in the form of senior unsecured debt totaling $2 billion, in an arrangement managed by Lehman Brothers and Goldman Sachs. Adam Cooper, Citadel's Chief Legal Officer, To Retire After 18 Years of [26][27][28][29], In a letter to employees on June 23, 2022, Griffin announced they would be moving their headquarters to Miami, Florida, due to a more favorable business climate and increased crime complaints in Chicago. Identities Podcasts. Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Half of the current Board members (Ronald Fisher, Michael Parks, Lewis Randall, Donna Weaver and Stephen Willard) share the remarkable distinction of having presided over the Companys catastrophic mortgage loan investment strategy. About Adam C. Cooper of CITADEL ADVISORS LLC. Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of February 2017, Zia Ahmed, a. Subscribe for free today! [42] Meanwhile, New Castle Re remained open and received an 'A' rating from AM Best in November 2008. Mr. Cooper, who joined Citadel in 1998, has served in several roles with Kenneth Griffin, the founder and Chief Executive Officer of Citadel. Adam Cooper's income source is mostly from being a successful Player. In the second half of 2008, as the economic crisis that took down the investment banks Bear Stearns and Lehman Brothers deepened, the market for convertible bonds froze up when major financial institutions ran low on cash. All quotes delayed a minimum of 15 minutes. It is planning to hire a general counsel for Citadel Securities in early 2017, Ahmed said. As the founder and head of the Chicago-based hedge fund Citadel, Griffin is reported to be worth $2.3 billion, making him the fifth-richest Chicagoan and 159th-richest American, according to the 2010 Forbes 400, as well as an outlier for the New Yorkcentric hedge fund world. [20] Having made up the losses, Citadel could once again charge client fees for managing their money and take a percentage of profits. Since 2006, these Board members have received $7 million in aggregate compensation from E*TRADE. [33] Citadel ranks as the eleventh largest hedge fund manager in the world,[34] and in 2006 the second largest multi-strategy hedge fund globally. We have estimated Adam Cooper's net worth, money, salary, income, and assets. He is popular for being a Dancer. (The couple often split their political donations, each giving half on the same day.) Category: Richest Celebrities Actors Net Worth: $300 Thousand Date of Birth: Aug 29, 1973 (49 years old) Place of Birth: Berkeley Gender: Male Height: 5 ft 11 in (1.8288 m) Over the past couple of decades it has spawned a plethora of other Chicago hedge fund ventures. We urge other shareholders who independently share our views to join in this request by also sending this notice to the Company. In 2010, the Griffins donations increased in both frequency and amount, as well as taking a rightward turn. Continue to the next page to see Adam Cooper net worth, estimated salary and earnings. Company News / Adam Cooper, Citadel's Chief Legal Officer, To Retire After 18 Years of Service December 20, 2016 Share on 1 / 12 Company News Hedge Fund Journal Lists Three Citadel Women Among 50 Leading Women in Hedge Funds View Article 2 / 12 Company News Ken Griffin Moving Citadel From Chicago to Miami View Article 3 / 12 Company News Ken Griffin founded Citadel Securities in 2001. Hedge funds, especially the math-focused quant funds such as Citadel, have a reputation for hiring the best and brightest. Pursuant to the Companys certificate of incorporation, the Company will be required to call a Special Meeting once holders of more than 10% of its outstanding common stock request such a meeting. Cancers are highly intuitive, and their psychic abilities manifest in tangible spaces.