Citadel, the hedge fund run by billionaire Ken Griffin, is planning to give back about $7 billion in profits to investors after a year of double-digit returns, according to a report by Reuters. The report cites sources familiar with the matter as confirming the $7bn returns.
The report also noted that Citadel, which will start 2024 with $58bn in assets under management, has outperformed many of its peers in recent year. Last year, Citadel also returned roughly $7bn in profits to its investors after posting gains of over 30%.
Citadel’s flagship multi-strategy Wellington fund returned 14.8% this year through November, a second source said.
