Ongoing market turmoil helped Citadel’s flagship hedge fund chalk up a 2.5% gain in September, taking year-to performance to 29%, according to a report by Bloomberg, with the firm’s three other hedge funds all generating double-digit returns too.
Ongoing market turmoil helped Citadel’s flagship hedge fund chalk up a 2.5% gain in September, taking year-to performance to 29%, according to a report by Bloomberg, with the firm’s three other hedge funds all generating double-digit returns too.
The report cites unnamed sources as revealing that Ken Griffin’s Global Fixed Income fund returned 1.3% last month, bringing YTD gains to about 24%, while fundamental long-short and quantitative equity strategies propelled the Tactical Trading fund to a 2.4% gain in September, taking this year’s overall performance to 21%.
The third fund, Citadel Equities was up 2.5% in September, with year-to-date performance reaching about 17%.
By comparison, a Eurekahedge Pte index that tracks hedge funds globally has lost 5.7% this year, and is on target for its worst performance since 2008.
