Ken Griffin's Citadel extends winning streak in 2023 after last year's record gains, matching the broader rally in stocks
The powerhouse's multi-strategy flagship fund Wellington gained 0.7% last month, bringing its year-to-date performance through February to 2.8%. The strong numbers mirror the rally in stocks this year, with the S&P 500 rising more than 3% in the same period.
Meanwhile, Citadel's equities fund advanced 2.4%, while its global fixed income fund is 1.6% higher so far in 2023. record $16 billion in profitsCitadel's record-breaking gains topped the seven-year winner Ray Dalio's Bridgewater on LCH's top hedge fund manager list for 2022. It also outpaced the roughly $15.
This year however, US stocks have staged a comeback as investors anticipate the Fed will ease up on the pace of its interest-rate hikes as inflation cools. The Nasdaq is up about 12% so far this year, while the Dow Jones has risen about 0.76%.
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