Tuesday, 3 March 2015
Last updated 1 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…