Citadel's Main Multi-Asset Funds Up +6.8% YTD On Equity Rally

Aug 8 2017 | 12:02am ET

Several hedge fund strategies at Ken Griffin’s $27 billion alternative asset manager Citadel, including its flagship Kensington and Wellington funds, have reportedly booked banner months in July and are outperforming broad industry benchmarks for the year to date.

The two multi-asset funds each gained 2.3% in July alone, according to according to a Bloomberg article citing an unidentified person familiar with the matter, and have each returned 6.8% so far this year on the strength of surging stock markets. The company’s Surveyor and Global Equities teams contributed the most to the performance, the article continued.

Meanwhile, Citadel’s systematic Tactical Trading Fund gained +3% in July to bring its tally through the first seven months of the year to +4.9%, and its Global Equities Fund gained 1.3% to reach +4.2 percent YTD. 

Besting all of them was Citadel’s Global Fixed Income Fund, which returned 0.8% in July and sits +11.6% year-to-date. 

In contrast, HFR’s Global Hedge Fund Index rose +0.93% in July and has returned +3.51% so far this year. 

Founded by Griffin in 1990 with $4.6 million, Citadel has subsequently grown into a global multi-strategy investment powerhouse that manages more than $27 billion in assets. The company operates within five primary strategies, including fixed income and macro, equities, credit, commodities and global quantitative. 

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