Article Title: Citadel’s Hedge Funds Thrive with Double-Digit Returns in 2024 under the Leadership of Ken Griffin

Ken Griffin, the man at the helm of Citadel, took the spotlight at the yearly DealBook Summit hosted by The New York Times in New York City on December 4, 2024.

The billionaire investor’s array of hedge funds under the Citadel umbrella achieved impressive double-digit profits in 2024, with the tactical trading strategy leading the pack.

The Wellington fund, Citadel’s most significant multi-strategy fund, closed the year with a solid 15.1% growth, as disclosed by an individual privy to the fund’s returns. All five tactics employed in the flagship fund, namely commodities, equities, fixed income, credit, and quantitative, all ended the year in the green.

The most eye-catching performance came from Citadel’s tactical trading fund, based in Miami, which recorded a hefty 22.3% return in 2024. The equity fund of Citadel also fared well, yielding about 18%, while the global fixed income strategy saw a 9.7% increase.

Citadel refrained from commenting on the matter. As of December, the hedge fund behemoth managed assets worth $66 billion.

The stock market wrapped up an exceptional year with the S&P 500 skyrocketing by 23.3%, adding to the 24.2% increase in 2023. The cumulative gain of 53% over two years is the highest since the stupendous 66% surge in 1997 and 1998.

Griffin, who recently expressed his concerns about the steep tariffs that President-elect Donald Trump promised to enforce, warned that it could result in crony capitalism.

Citadel Securities, the market-making arm of Citadel, based in Miami and founded by the Florida-born Griffin in 2002, isn’t looking to go public anytime soon, according to the CEO.

This article is perfect for those with an interest in investing, as it offers insights into the strategic moves of one of the most successful investment firms. However, its purpose isn’t to offer investment advice but to inform and engage readers.