From CNBC:

Billionaire investor Ken Griffin’s flagship hedge fund, Citadel’s multistrategy flagship Wellington fund, gained 1.9% in January, following a 15.3% gain last year. All five strategies used in the fund were positive for the month, including commodities, equities, fixed income, credit, and quantitative. Citadel’s global fixed income fund returned 1.7%, and its equities fund, which uses a long/short strategy, returned 2.1%. The firm’s tactical trading fund gained 2.6% for the month. Meanwhile, Citadel declined to comment on the performance numbers.

Amid ongoing debate about potential rate cuts, the stock market has experienced volatility. Federal Reserve Chair Jerome Powell recently indicated that a March rate cut is unlikely, which led to the biggest daily loss since September for the S&P 500. Despite this, the equity benchmark was up 1.6% for January. Citadel CEO Ken Griffin spoke positively of the U.S. economy, commenting on the Federal Reserve’s ability to engineer a soft landing this year. The hedge fund giant started 2024 with $56 billion in assets under management.

Ken Griffin’s flagship hedge fund, Citadel’s multistrategy flagship Wellington fund, gained 1.9% in January, following a 15.3% gain last year. Meanwhile, its equities fund, which uses a long/short strategy, returned 2.1%. Citadel’s tactical trading fund gained 2.6% for the month, and its global fixed income fund returned 1.7%. The firm’s performance numbers are private, and Citadel has declined to comment on the issue.



Read more: Citadel hedge fund rose 1.9% in January as volatility ramped up