Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in volatility and steep sell-off in growth stocks created an ideal environment for fast-money traders.
Citadel’s multistrategy flagship fund Wellington increased 4.71% last month, according to a person familiar with the returns.
Citadel’s global fixed income fund did even better with a 4.91% return, while its equities fund added 0.89% and its tactical trading strategy fund rose 1.79%, according to the source.
The firm’s stellar performance came when wild price swings, driven in part by the Federal Reserve’s hawkish policy pivot, gripped Wall Street. The S&P 500 dropped more than 5% for its worst month since March 2020, while the tech-heavy Nasdaq Composite dipped into correction territory, falling more than 10% from its record high.
Citadel’s global fixed income fund did even better with a 4.91% return, while its equities fund added 0.89% and its tactical trading strategy fund rose 1.79%, according to the source.
Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in volatility and steep sell-off in growth stocks created an ideal environment for fast-money traders.
Citadel’s multistrategy flagship fund Wellington increased 4.71% last month, according to a person familiar with the returns.
Citadel’s global fixed income fund did even better with a 4.91% return, while its equities fund added 0.89% and its tactical trading strategy fund rose 1.79%, according to the source.
The firm’s stellar performance came when wild price swings, driven in part by the Federal Reserve’s hawkish policy pivot, gripped Wall Street. The S&P 500 dropped more than 5% for its worst month since March 2020, while the tech-heavy Nasdaq Composite dipped into correction territory, falling more than 10% from its record high.
Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in volatility and steep sell-off in growth stocks created an ideal environment for fast-money traders.
- The firm’s stellar performance.
- The S&P 500 dropped more than 5% for its worst month since March 2020, while the tech-heavy Nasdaq Composite.
- Citadel’s global fixed income fund did even better with a 4.91% return, while its equities fund added.