Citadel Flagship Up 3.7% In Jan.

Feb 8 2011 | 12:16pm ET

Citadel Investment Group has started its 21st year in the same way it has spent most of the last two decades: up.

The Chicago hedge fund giant's flagship Wellington fund returned 3.7% last month, Reuters reports. That is well ahead of the average hedge fund, which rose less than 1% in the first month of the year, according to industry indices.

Wellington returned 11.11% last year, in line with industry averages.

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