Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August

Published On Sep 4, 2024, 10:18 AM

Ken Griffin's Citadel hedge fund, particularly the Wellington fund, achieved a modest gain of 1% in August amid a volatile market characterized by recession fears. This brings the fund's year-to-date return to 9.9%. All five strategies used by the Wellington fund—commodities, equities, fixed income, credit, and quantitative—were profitable during this period. Despite experiencing a significant drop on August 5, the S&P 500 ended the month up 2.3% and has gained more than 15% for the year.