Citadel Flagships Finish Q1 Up 11%

Apr 10 2009 | 11:04am ET

Citadel Investment Group’s two flagship hedge funds continued their slow climb back last month, recouping another 3% after last year’s disastrous losses.

Both the Kensington Global Strategies Fund and Wellington Fund, which manage a combined $7.7 billion, were up approximately 11% in the first quarter, Dow Jones Newswires reports. The funds returned 2.6% in February and 4.75% in January, the first time in seven months the funds had posted positive returns.

The funds lost some 55% last year, leading the Chicago-based firm to suspend redemptions. In February, Citadel chief Kenneth Griffin announced that the firm would create a “distribution program” that would allow investors to get some of their money back eventually. According to DJ, the firm has not announced any details of that program yet.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of