Ken Griffin's Citadel hedge fund rose 1.4% in January

From CNBC: 2025-02-04 09:33:01

Billionaire investor Ken Griffin’s flagship hedge fund at Citadel saw a small gain in January amid market volatility, with the multistrategy Wellington fund climbing 1.4%. All five fund strategies were positive for the month, including commodities, equities, fixed income, credit, and quantitative.

Citadel’s tactical trading fund and equities fund both gained 2.7% in January, while the global fixed income fund returned 1.9%. The Miami-based firm, with $65 billion in assets under management, declined to comment. Market turmoil was driven by fears of Trump’s protectionist policies and a Chinese AI competitor’s impact on tech stocks.

The S&P 500 rose 2.7% in January, continuing a strong two-year run. Griffin criticized Trump’s tariffs, warning of crony capitalism and negative long-term effects on competitiveness and productivity. The 56-year-old Citadel founder expressed concerns about the impact on the economy and corporate America.

Read more: Ken Griffin’s mutistrategy hedge fund at Citadel rose 1.4% in volatile January