35.94 F
March 3, 2024
PI Global Investments
Hedge Funds

Citadel Funds Notched Double-Digit Gains in 2023

Citadel’s hedge funds each returned more than 10% in 2023, outpacing the industry average but trailing the broader stock market.

Wellington, Citadel’s flagship multistrategy fund, was up 15.3% last year, a person familiar with the firm’s performance said. Three other Citadel-managed funds—focused on fixed income, stocks and tactical trading—were up between about 11% and about 15%, the person said.

The average gain for hedge funds in the year through November was 4.35%, according to a fund-weighted index compiled by research firm HFR, while the S&P 500 rose about 24% in 2023. Citadel invests with a market-neutral approach designed to produce returns that aren’t correlated with other asset classes.

Source link

Related posts

Morgan Stanley banker lifts hedge fund from ‘kiddie table’ with stock tips


Hedge funds double down on China ahead of rate cut, Goldman says


Hedge Funds’ Record Profits from Advanced Catastrophe Risk Models


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.