Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, saw its gains so far in 2023 reach almost 32% following another month of positive performance in November, according to a report by CNBC.
Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, saw its YTD gains reach 32% following another month of positive performance in November, according to a report by CNBC.
The report cites an unnamed source as revealing that Citadel’s Citadel’s multi-strategy flagship fund Wellington returned 0.9% last month, bringing 2022 performance to 31.8%, with all five of the fund’s core strategies – commodities, fixed income and macro, equities, quant and credit – now positive year to date.
Citadel’s global fixed income, tactical trading, and equities funds have also all notched up double-digit returns so far this year.
By comparison, the the wider stock market has struggled this year with benchmark S&P500 down more than 17% following aggressive rate increases by the Federal Reserve designed to curb soaring inflation.
