Multi-strategy hedge fund major Citadel's flagship Wellington fund delivered a 1.8% gain in October, extending its strong performance for the year, according to a report by Reuters citing an unnamed source familiar with the matter.
The fund, run by billionaire Ken Griffin, is now up roughly 13% year-to-date, outperforming many peers in a volatile macro environment.
The gains were driven by profitable trades across equities, fixed income, and commodities, reflecting Citadel’s continued strength in diversified, data-driven strategies. The firm’s global fixed income and equities businesses were reported to have been key contributors.
Citadel, which manages more than $60bn in assets, has been among the most consistent performers in the hedge fund industry, benefiting from its multi-strategy model and risk management discipline.
The performance adds to Citadel’s impressive track record following a record-setting 2022, when Wellington delivered more than 38% returns – one of the strongest years ever for a major hedge fund.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More