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Search resuls for: "multistrategy Wellington"


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Billionaire investor Ken Griffin's suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the month, the person said. Its equities fund, which uses a long/short strategy, edged up 0.8%, pushing its 2024 returns to 9.3%. The hedge fund complex had about $63 billion in assets under management as of Aug. 1. Overall, the hedge fund community recently moved into a defensive mode as macroeconomic uncertainty mounted.
Persons: Ken Griffin, The Beverly Hilton, Ken Griffin's, Citadel's, Goldman Sachs Organizations: Citadel, Milken Global, The Beverly Locations: Beverly Hills , California, Wellington, Miami
Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. "If I'm them, I don't want to cut too quickly," Griffin said at the International Futures Industry conference in Boca Raton, Florida on Tuesday. "The worst thing they could end up doing is cutting, pausing and then changing direction back towards higher rates quickly. So we've got two big, big tailwinds that continue to support the inflation narrative," Griffin said. While the inflation rate is well off its mid-2022 peak, it still remains well above the Fed's 2% goal.
Persons: Ken Griffin, Griffin, we've Organizations: Citadel, Reserve, International Futures Industry, Boca, Fed Locations: Boca Raton , Florida, multistrategy Wellington
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