Ken Griffin's Citadel hedge funds all achieved double-digit returns in 2024, driven primarily by its tactical trading strategy. The firm's largest fund, Wellington, finished the year with a 15.1% return, with all five of its strategies (commodities, equities, fixed income, credit, and quantitative) showing positive performance. Citadel's tactical trading fund was the top performer, generating a 22.3% return. The news comes amidst a strong year for the stock market, with the S&P 500 surging 23.3% in 2024.
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 declined to comment. The hedge fund giant had $66 billion in assets under management as of December.>Sign up for NBC LA's News Headlines newsletter.
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