Ken Griffin's Citadel hedge funds achieved impressive double-digit returns in 2024, led by its tactical trading strategy. The firm's flagship Wellington fund returned 15.1%, with all five of its strategies delivering positive performance. Citadel's tactical trading fund was the top performer, gaining 22.3% for the year.
Ken Griffin, Founder and C.E.O. of Citadel speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City.Billionaire investor Ken Griffin's handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical trading strategy.
Citadel's multistrategy Wellington fund, its largest, finished the year up 15.1%, according to a person familiar with the returns. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the year, the person said. The Miami-based firm's tactical trading fund was the standout performer with a 22.3% return for 2024, the person said. Citadel's equity fund returned roughly 18%, while its global fixed income strategy gained 9.7% last year.
Citadel declined to comment. The hedge fund giant had $66 billion in assets under management as of December. The stock market just closed out a banner year with the S&P 500 surging 23.3%, building on a gain of 24.2% in 2023. The two-year gain of 53% is the best since the nearly 66% rally in 1997 and 1998.The CEO also said he's not focused on taking Citadel Securities public in the foreseeable future. The securities firm is a Miami-based market maker founded by the 56-year-old Florida native in 2002.
HEDGE FUNDS RETURNS CITADEL KEN GRIFFIN MARKET PERFORMANCE
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