Hedge fund Citadel expects to return $7 bln in profits to clients - WSJ

Citadel Income Fund

21/12/2022 10:56

Dec 21 (Reuters) - Hedge fund Citadel expects to return
about $7 billion in profits to its clients in early January, the
Wall Street Journal reported on Wednesday citing people familiar
with the firm. 
    This year would mark what is expected to be Citadel's most
profitable ever with its flagship fund gaining roughly 32%
through November, the report added. 
    Citadel did not immediately respond to a Reuters request for
comment on the matter.  
    While fears of interest rate hikes and the Russia-Ukraine
war weighed on capital markets throughout 2022, leaving the
benchmark S&P 500  .SPX  down about 20%, hedge funds have
weathered the downturn better than other financial firms.
    Citadel, founded by billionaire investor Ken Griffin, is one
of the world's most successful hedge funds. 
 (Reporting by Manya Saini in Bengaluru; Editing by Shailesh
Kuber)
 ((Manya.Saini@thomsonreuters.com;))