Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Publishing timestamp: 2024-01-04 12:18:10
Summary
Billionaire investor Ken Griffin's hedge fund strategies at Citadel had double-digit returns in 2023 but failed to beat the broader market. Citadel's multistrategy Wellington fund gained 15.3% last year, while the flagship fund had a 38% gain in 2022. The stock market had a strong year in 2023, with the S&P 500 climbing 24%. Citadel is returning all of 2023's $7 billion in profits to investors and has about $58 billion in assets under management.
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Keywords: s&p 500 index, markets, wall street, breaking news: markets, stock markets, business news, breaking news: investing, breaking news: business, investment strategy,