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Citadel’s flagship fund posts 5.75% Q1 gain

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Multi-strategy major Citadel saw positive performance across all of its investment strategies in the first quarter of the year, with the firm’s flagship investment vehicle, the Wellington fund, posting a 5.75% gain, according to a report by Reuters.

The reports cites unnamed sources familiar with the matter as revealing that Citadel Global Equities and the firm’s Tactical Trading fund performed even better than Wellington with gains of 6.3% and 7.6%, respectively, in the first three months of the year.

The $59bn firm’s Global Fixed Income fund, meanwhile, was up 2.05%.

Despite the positive performance though, Citadel still trailed the major stock market indices with the MSCI World index advancing 7.08% in the first quarter, while the S&P 500 put on 9.09%.

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