Saturday, 1 August 2015
Last updated 20 hours ago
May 5 2011 | 12:13pm ET
Citadel Investment Group is almost halfway to being able to reap performance fees on its flagship hedge funds.
The hedge fund giant's Kensington and Wellington funds rose 0.44% in April. The two funds are up 8.4% through the first four months of the year, MarketWatch reports.
Kensington and Wellington began the year needing to return about 20% to return to their high-water marks and recoup all of 2008's losses. The funds rose 11% last year and 62% in 2009.
Citadel's gains are well ahead of industry indices, which are up less than 3% on the year. But they trail slightly the broader markets, with the Standard & Poor's 500 Index rising 9.06% on the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…