Citadel's multi-strategy flagship Wellington fund scored a 1.7% gain in September as tight monetary policy and rising fears of a US recession rattled the broader market, taking YTD returns to 12.6%, according to a report by CNBC.
The report cites an unnamed source familiar with the fund's performance as confirming the gain, which came as the S&P 500 suffered its worst month of the year, dropping 4.9%. The equity benchmark remains +11 so far in 2023.
Citadel also saw a gain of 1.1% for its long-short equity in September which is now +10.7% YTD, while the firm's global fixed income fund is 8.8% higher so far in 2023, according to CNBC's sources.
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