Citadel was the leader of the multi-strat hedge fund pack in October outpacing its rivals with a 1.52% gain that took performance so far this year to 30.7%, according to a report by BusinessInsider.

Citadel was the leader of the multi-strat hedge fund pack in October outpacing its rivals with a 1.52% gain that took performance so far this year to 30.7%, according to a report by BusinessInsider.

The report cites investor figures released by the $50 billion fund founded by billionaire investor Ken Griffin as confirming that it outperformed rivals including Millennium, DE Shaw, and Balyasny.

The firm's global fixed income fund returned 1.4% in October, bringing year-to-date performance to 25.8%, while its tactical trading fund saw a 0.2% return over the month taking 2022 performance to 21.5%. Citadel Equities was also up in October chalking up a 0.6% in October, to bring performance so far this year to 17.4%.

Other big multi-strategy hedge funds saw mixed performance in October with Millennium recording a 0.6% gain that takes YTD performance to 10.1%, while DE Shaw's 1.6% October return leaves it up 22.6% so far this year. Balyasny meanwhile, was up 0.03% over the month and is now up 7.8% year-to-date, while Point72, flat in October, is up 8.6% so far this year.