BOSTON (Reuters) – Hedge fund Citadel averted April’s inventory market drop and posted features in its most outstanding methods, simply besting the common hedge fund returns which had been within the purple final month.
Ken Griffin’s Citadel informed traders that its multi-strategy flagship Wellington fund gained 7.45% final month, because the S&P 500 index dropped almost 9%.
Citadel Equities gained 4.25%, whereas the agency’s World Mounted Earnings fund gained 3.05% and its Tactical Buying and selling portfolio rose 3.30% in April. A spokesman for the agency declined to remark.
Citadel manages over $50 billion in belongings and its features place the agency’s portfolios in distinction to these of many different hedge funds.
The HFRX Fairness Hedge Index fell 1.29%, in line with knowledge supplier Hedge Fund Analysis whereas the HFRX World Hedge Fund Index was off 0.7% final month.
Citadel’s Wellington fund prolonged its 12 months to this point features with April’s rise and is now up 12.65% within the first 4 months of 2022.
Tactical buying and selling has gained 9.75% this 12 months whereas World Mounted Incom is up 13.10% and Citadel Equities is up 7.75%.
Reporting by Svea Herbst-Bayliss; modifying by Barbara Lewis