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Ken Griffin’s Citadel flagship hedge fund returns 8% in September during sell-off

Ken Griffin, Founder and CEO, Citadel

Mike Blake | Reuters

The unstable September was a golden alternative for billionaire investor Ken Griffin to shine as his primary hedge fund crushed the market with outperformance.

Citadel’s multistrategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date efficiency to 18.5%, in keeping with an individual conversant in the returns.

All 5 of the funding methods of the fund — equities, commodities, international fastened earnings and macro, credit score, and quantitative methods — all registered beneficial properties final month, the individual mentioned.

The general inventory market suffered a roller-coaster experience in September as inflation fears, slowing progress and rising charges stored traders on edge. The S&P 500 fell 4.8% final month, posting its worst month since March 2020 and breaking a seven-month profitable streak. The blue-chip Dow and the Nasdaq Composite dropped 4.3% and 5.3%, respectively, struggling their worst months of the yr.

The hedge-fund business has been attracting new capital this yr because the return of volatility despatched traders to various belongings. Hedge funds noticed one other $12 billion in inflows in August, bringing the general belongings beneath administration to a report $3.622 trillion, in keeping with knowledge from eVestment.

Citadel’s different multistrategy fund, Tactical Buying and selling, gained 3.9% in September and is up 14.1% this yr.

The hedge-fund neighborhood gained about 10% in 2021 by the tip of August, in keeping with HFR. Citadel’s returns had been first reported by Enterprise Insider.

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