All four of Citadel’s hedge funds have returned double-digits so far this year, far exceeding many of its peers in this volatile year. According to an article in Bloomberg, Citadel’s flagship multi-strategy fund Wellington has returned about 29% in 2022, while its Global Fixed Income fund has returned about 24%. Meanwhile, its Tactical Trading fund rose 2.4% last month, bringing its yearly gain to 21%, and its Equities fund climbed 2.5%, taking its year-to-date returns to about 17%.
Citadel declined to comment, and the information was shared anonymously to Bloomberg. So far during this turbulent year, Citadel has weathered the rough seas incredibly well; the Eurekahedge Pte index that tracks hedge funds around the world is down 5.7% so far this year—its worst year since 2008. Meanwhile, the MSCI World Index for stocks has plummeted 22% in 2022 and bonds are also struggling as central banks around the world hike up interest rates in an effort to tame inflation, raising fears of a global recession.
Citadel was founded in 1990 by Ken Griffin, who remains its CEO, and oversees more than $50 billion in assets. Though the company is based in Chicago, it’s planning a move to Miami and Palm Beach in the next five years.