Billionaire investor Ken Griffin's flagship hedge was last month as volatility returned amid the debate over rate cuts, according to a person familiar with the matter.
According to the person, who asked not to be named, Citadel's multi-strategy flagship Wellington was launched on 15 last yearAfter 3%, in January of this year, ** 19%。The five strategies used — commodities, fixed income, credit and quantitative — were all positive this month, the person said.
The Miami-based company's strategic operations are 2 this month, the person said6%, while the return rate of *** with a long-short strategy is 21%。At the same time, Citadel's global fixed income** return was 17%。
Citadel declined to comment.
*At the beginning of the year**, but the momentum has waned recently as hopes of a rate cut have waned. Federal Reserve Chair Jerome Powell said in late January that a rate cut in March was unlikely, triggering the S&P 500's biggest one-day drop since September last year. The index was 1 in January6%。
The CEO of Citadel recently expressed a positive view of the US economy, believing that the Fed will achieve a soft landing this year. He said that the overall economy looks at the moment"Pretty good"Recent data showed a solid job market, healthy gross domestic product (GDP) growth, and a better-than-expected slowdown in inflation.
The hedging giant has $56 billion in assets under management at the start of 2024.