Following a rise in November, Citadel's YTD returns reached 32% | Paragon Alpha

Following a rise in November, Citadel's YTD returns reached 32%

By Matea Gucec

According to a CNBC article, Citadel, the hedge fund company founded by billionaire investor Ken Griffin, had its YTD profits hit 32% after another strong month of performance in November.

According to an unnamed source cited in the article, Wellington, Citadel's multi-strategy flagship fund, gained 0.9% last month, bringing the fund's performance for 2022 to 31.8% overall. Year to date, all five of the fund's core strategies—commodities, fixed income and macro, equities, quant, and credit—have now produced positive returns.

Double-digit returns have also been achieved by Citadel's global fixed income, tactical trading, and equity funds so far this year.

Comparatively, the larger stock market has struggled this year, with the benchmark S&P500 down more than 17% as a result of the Federal Reserve's aggressive rate increases intended to rein in skyrocketing inflation.


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