Ken Griffin, founder and CEO of Citadel, speaks throughout The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024.
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Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical buying and selling technique.
Citadel’s multistrategy Wellington fund, its largest, completed the 12 months up 15.1%, in response to an individual accustomed to the returns. All 5 methods used within the flagship fund — commodities, equities, fastened earnings, credit score and quantitative — had been optimistic for the 12 months, the particular person mentioned.
The Miami-based agency’s tactical buying and selling fund was the standout performer, with a 22.3% return for 2024, the particular person mentioned. Citadel’s fairness fund returned about 18%, whereas its international fastened earnings technique gained 9.7%.
Citadel declined to remark. The hedge-fund large had $66 billion in belongings underneath administration as of December.
The inventory market simply closed out a banner 12 months with the S&P 500 surging 23.3%, constructing on a achieve of 24.2% in 2023. The two-year achieve of 53% is the perfect because the almost 66% rally in 1997 and 1998.
Griffin not too long ago criticized the steep tariffs President-elect Donald Trump has vowed to implement, saying crony capitalism could be a consequence.
The CEO additionally mentioned he is not centered on taking Citadel Securities public within the foreseeable future. The securities agency is a Miami-based market maker based by the 56-year-old Florida native in 2002.
