Kenneth C. Griffin (R) speaks throughout The New York Occasions Dealbook Summit 2024 at Jazz at Lincoln Middle on December 04, 2024 in New York Metropolis.
Eugene Gologursky | Getty Photographs
Billionaire investor Ken Griffin’s flagship hedge fund eked out a small achieve in a unstable January, based on an individual aware of the returns.
Citadel’s multistrategy flagship Wellington fund climbed 1.4% in January, following a 15.1% achieve in 2024, based on the individual, who spoke anonymously as a result of the efficiency numbers are non-public. All 5 methods used within the fund — commodities, equities, mounted earnings, credit score and quantitative — have been optimistic for the month, the individual mentioned.
The Miami-based agency’s tactical buying and selling fund gained 2.7% in January, whereas its equities fund, which makes use of a protracted/brief technique, additionally returned 2.7%, mentioned the individual. In the meantime, Citadel’s international mounted earnings fund returned 1.9%.
Citadel, which had $65 billion in property beneath administration because the yr started, declined to remark.
Markets skilled violent value swings final month as traders grew cautious of President Donald Trump’s protectionist insurance policies. On the finish of the month, a man-made intelligence competitor out of China known as DeepSeek triggered an enormous 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 yr, and the two-year achieve of 53% is the most effective because the 1997 and 1998 when it jumped practically 66%.
Earlier than the brand new administration took workplace on Jan. 20, Griffin criticized the steep tariffs Trump vowed to implement, saying it may end in crony capitalism.
The 56-year-old Citadel founder mentioned home firms may get pleasure from a short-term profit by having their opponents weakened. Long run, nonetheless, tariffs do extra hurt to company America and the economic system as firms lose competitiveness and productiveness, Griffin mentioned.
