Kenneth C. Griffin (R) speaks throughout The New York Occasions Dealbook Summit 2024 at Jazz at Lincoln Heart on December 04, 2024 in New York Metropolis.
Eugene Gologursky | Getty Photos
Billionaire investor Ken Griffin’s flagship hedge fund climbed in a unstable January, based on an individual aware of the returns.
Citadel’s multistrategy flagship Wellington fund rose 1.4% in January, following a 15.1% acquire in 2024, based on the particular person, who spoke anonymously as a result of the efficiency numbers are personal. All 5 methods used within the fund — commodities, equities, mounted earnings, credit score and quantitative — had been constructive for the month, the particular person 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/quick technique, additionally returned 2.7%, mentioned the particular person. In the meantime, Citadel’s world fixed-income fund returned 1.9%.
Citadel, which had $65 billion in belongings 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 synthetic intelligence competitor out of China known as DeepSeek brought on a large 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 acquire above 20% final yr, and the two-year acquire of 53% is the perfect since 1997 and 1998, when it jumped practically 66%.
Earlier than the brand new administration took workplace Jan. 20, Griffin criticized the steep tariffs Trump vowed to implement, saying they might lead to crony capitalism.
The Citadel founder mentioned home corporations might get pleasure from a short-term profit by having their rivals weakened. Long term, nevertheless, tariffs do extra hurt to company America and the economic system as corporations lose competitiveness and productiveness, Griffin mentioned.
