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Ken Griffin’s Citadel Hedge Fund Posts Strong Returns Amid Volatility and Rate Cut Debate

According to someone familiar with the returns, billionaire investor Ken Griffin’s main hedge fund made money last month as market volatility returned amid discussions about rate cuts.

Citadel’s Wellington fund rose 1.9% in January, after gaining 15.3% last year, according to the anonymous person who shared this information. All five strategies in the fund — commodities, equities, fixed income, credit, and quantitative — made gains for the month.

The person said that the Miami-based firm’s tactical trading fund increased by 2.6% in January, and its long/short equities fund went up by 2.1%. Citadel’s global fixed-income fund rose 1.7%.

Ken Griffin’s Citadel Hedge Fund Achieves 1.9% Growth in January Amidst Market Volatility and Rate Cut Speculation

The stock market had a strong start to the year, but the gains slowed as hopes for rate cuts faded. Citadel did not comment on the results.

Federal Reserve Chair Jerome Powell said in late January that a March rate cut is unlikely, causing the S&P 500 to have its biggest daily loss since September. The S&P 500 was up 1.6% for January.

Ken Griffin recently spoke positively about the U.S. economy saying he expects the Federal Reserve to achieve a soft landing this year.

He noted that the economy looks “pretty damn good” right now, with strong labor market data, healthy GDP growth, and better-than-expected moderation in inflation.

Citadel started 2024 with $56 billion in assets under management.

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