Billionaire investor Ken Griffin's flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns.
All five strategies used in the fund — commodities, equities, fixed income, credit and quantitative — were positive for the month, the person said.
The Miami-based firm's tactical trading fund gained 2.6% for the month, while its equities fund, which uses a long/short strategy, returned 2.1%, said the person.
Meanwhile, Citadel's global fixed income fund returned 1.7%.
The hedge fund giant started 2024 with $56 billion in assets under management.
Persons:
Ken Griffin's, Citadel's multistrategy, Jerome Powell, Griffin
Organizations:
Citadel, Federal, Federal Reserve
Locations:
Wellington, Miami, U.S