Citadel racks up record returns for hedge fund and securities ops

Ken Griffin’s $54.5 billion Citadel hedge fund business and Citadel Securities electronic trading division both recorded record revenues in 2022, according to a report by the Wall Street Journal.  

Ken Griffin’s $54.5 billion Citadel hedge fund business and Citadel Securities electronic trading division both recorded record revenues in 2022, according to a report by the Wall Street Journal.  

The report cites unnamed sources as revealing that revenue at Citadel, Griffin’s hedge-fund operation, totalled around $28 billion, way in excess of the firm’s previous record high of $16.2 billion posted in 2021. 

Citadel Securities meanwhile, one of the world’s biggest electronic-trading firms, saw revenue rise to $7.5 billion last year, up from the firm’s previous record of $7 billion in in the previous year.

Citadel’s record hedge fund unit revenues come in a year of strong fund performance with the firm’s flagship Wellington vehicle having posted gains of 38.1% last year, and its fixed income fund gaining 32.58%.

Citadel reportedly returned about $8.5 billion in profits to its investors on 31 December, up from the $7 billion it earlier expected to repay.