Kenneth C. Griffin (R) speaks throughout The New York Instances Dealbook Summit 2024 at Jazz at Lincoln Heart on December 04, 2024 in New York Metropolis.
Eugene Gologursky | Getty Photographs
Billionaire investor Ken Griffin’s flagship hedge fund climbed in a risky January, in response to an individual acquainted with the returns.
Citadel’s multistrategy flagship Wellington fund rose 1.4% in January, following a 15.1% achieve in 2024, in response to the individual, who spoke anonymously as a result of the efficiency numbers are personal. All 5 methods used within the fund — commodities, equities, fastened revenue, credit score and quantitative — had been optimistic for the month, the individual stated.
The Miami-based agency’s tactical buying and selling fund gained 2.7% in January, whereas its equities fund, which makes use of an extended/quick technique, additionally returned 2.7%, stated the individual. In the meantime, Citadel’s world fixed-income fund returned 1.9%.
Citadel, which had $65 billion in property underneath administration because the 12 months started, declined to remark.
Markets skilled violent worth swings final month as traders grew cautious of President Donald Trump’s protectionist insurance policies. On the finish of the month, a synthetic intelligence competitor out of China known as DeepSeek brought about a large sell-off in Nvidia and upended different megacap tech shares.
The S&P 500 climbed 2.7% in January and is up 1.9% in 2025 following a stellar two-year run in 2023 and 2024. The fairness benchmark scored a second consecutive annual achieve above 20% final 12 months, and the two-year achieve of 53% is the most effective since 1997 and 1998, when it jumped practically 66%.
Earlier than the brand new administration took workplace Jan. 20, Griffin criticized the steep tariffs Trump vowed to implement, saying they may lead to crony capitalism.
The Citadel founder stated home corporations might take pleasure in a short-term profit by having their rivals weakened. Long run, nonetheless, tariffs do extra hurt to company America and the financial system as corporations lose competitiveness and productiveness, Griffin stated.