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June 19, 2024
PI Global Investments
Hedge Funds

Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022.

Scott Mlyn | CNBC

Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500.

Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had enjoyed a stellar 2022 with a 38% gain, marking its best year on record.

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