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Search resuls for: "Citadel's Global"


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Justin Lubell, Citadel's Global Equities head, said shorting has been a big driver of returns. There's less competition in the space compared to going long on stocks, he said. Anthony Bozza, the founder of Lakewood Capital, called those who know who to short stocks a "dying breed." AdvertisementWhile some big bets against specific stocks have blown up in hedge funds' faces in recent years, there's still a focus on shorting at Citadel's longest-running equities unit. Related storiesEven investors known for bold short bets have moved away from the practice.
Persons: Justin Lubell, shorting, Anthony Bozza, , there's, Ken Griffin's, Lubell, Robin, Gavin Baker, Lee Ainslie, Steve Cohen's Point72, Gabe Plotkin's Melvin Capital, Pershing, Bill Ackman, Bozza Organizations: Citadel's Global, Service, Citadel's, Citadel Global, Robin Hood Investors Conference, Business, Management, Lakewood Capital, Maverick Capital, GameStop, Lakewood Locations: Lakewood Capital, New York
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
Citadel X is a team of about 20 engineers that leads user-interface design on the fund's tech tools. Citadel X leader Kristofer Baxter walked Insider through the future of UI at Citadel. Citadel X works with various engineering and investment teams across the company with a goal of making sure the hedge fund's high-powered tools are easy to use. Some Citadel X engineers are now embedded onto desk teams to learn the ins and outs of the business and build new tech for them. Ross McKay, a front-end software developer within Citadel's equities business, put his team's 30 applications into the Citadel X platform.
Billionaire investor Ken Griffin's hedge fund climbed again last month, lifting its year-to-date gain to almost 32%, according to a person familiar with the returns. Citadel's multi-strategy flagship fund Wellington rallied 0.9% last month, bringing its 2022 performance to 31.8%, the person said. All five core strategies in the fund — commodities, fixed income and macro, equities, quant and credit — were positive year to date, the person said. Other than the flagship fund, Citadel's global fixed income fund, tactical trading fund and equities fund are all up by double digits this year, the person said. The wider stock market suffered a tumultuous meltdown this year with the S & P 500 falling into a bear market.
Citadel hired Vesal Yazdi for its equities team from Davidson Kempner Capital Management. Yazdi ran technology investments for Davidson Kempner's equities business and worked at the $38 billion hedge fund for over six years. Citadel's equities strategy was up 2.5% in September and it's returned 16.6% year-to-date, according to a person familiar with the hedge fund's performance. The average hedge fund returned just over 1% in September, increasing the year-to-date return to 3.8%, according to Hedge Fund Research. Davidson Kempner declined to comment on Yazdi's departure from the firm.
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