Citadel leads early 2023 hedge fund gains
Citadel, the hedge fund firm founded by Ken Griffin, has extended its 2022 winning streak, which saw it chalk up a record $16 billion annual gain, into January, with the firm's flagship Wellington fund posted a 2.08% increase during the month, according to a report by Reuters
The report cites an unnamed source as revealing the lateness gaining for the, which ended 2022 with a 38.1% gain having climbed climbed 4.8% in December.
Citadel's January performance reportedly puts it ahead of hedge fund firms including Point72 Asset Management which reported a 1.31% gain in January, while Balyasny Asset Management was up 0.70% in January after having gained 10% last year.
Other funds posted small losses for the first month of the hear with Millennium Management's International down by 0.43%.
The S&P 500 by comparison, gained 6.2% in January while the Nasdaq Composite index climbed 11%.