Citadel founder and CEO Ken Griffin speaks at The New York Times’ annual DealBook Summit on December 4, 2024 in New York City.
Michael M. Santiago | Michael M. SantiagoGetty Images
Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, driven by his tactical trading strategies.
Citadel’s largest multi-strategy Wellington fund is up 15.1% this year, according to a person familiar with the matter. All five strategies used by the flagship fund — commodities, equities, fixed income, credit and quant — have performed positively this year, this person said.
The Miami-based firm’s tactical trading funds performed best, returning 22.3% in 2024, the person said. Last year, Citadel’s equity funds returned about 18%, while its global fixed-income strategy gained 9.7%.
Citadel declined to comment. As of December, the hedge fund giant had $66 billion in assets under management.
The stock market just ended a stellar year, with the S&P 500 soaring 23.3% on top of a 24.2% gain in 2023.
Griffin has recently criticized the steep tariffs President-elect Donald Trump has vowed to impose, saying the consequences could be crony capitalism.
The CEO also said he was not focused on taking Citadel Securities public in the foreseeable future. The securities firm is a Miami-based market maker founded in 2002 by the 56-year-old Floridian.
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