By Anirban Sen and Prakhar Srivastava NEW YORK, Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to two people familiar with the matter. The firm’s other funds also notched positive monthly returns. Miami-based Citadel’s Global Equities fund rose 2.5% […]
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Citadel’s flagship fund gained 1.4% in November, sources say
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By Anirban Sen and Prakhar Srivastava
NEW YORK, Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to two people familiar with the matter.
The firm’s other funds also notched positive monthly returns.
Miami-based Citadel’s Global Equities fund rose 2.5% in November and 13.2% for the year through November 30, the sources said.
A Citadel spokesperson declined to comment.
Its Tactical Trading fund posted gains of 2.6% in November and jumped 16.3% year-to-date, while its Global Fixed Income fund rose 1.1% in November and 8.5% year-to-date, the sources said.
The month’s results from Citadel and other top hedge funds follow a sell-off period in the markets, with the S&P 500 ending roughly flat in November.
Last month, Reuters reported that Wall Street’s biggest hedge funds reduced their exposure to the “Magnificent Seven” in the third quarter while taking new positions in software, e-commerce and payments companies.
Citadel, which was founded by billionaire Ken Griffin and is one of the most profitable hedge funds of all time, currently has roughly $66 billion in assets under management.
(Reporting by Anirban Sen in New York and Prakhar Srivastava in Bengaluru; Editing by Lisa Shumaker)