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☆ Citadel celebrates banner year at Disney as Wall Street nurses losses
▼ + stars: | 2022-12-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 6 (Reuters) - For much of Wall Street, trading this year has been like riding a wild roller coaster. For thousands of employees of Citadel and Citadel Securities, the hedge fund and trading business founded by Ken Griffin, last weekend was spent riding the real things. This year is shaping up to be a record for Citadel and Citadel Securities, Ahmed confirmed. Across Wall Street, firms are preparing for leaner times by cutting jobs and bonuses, while many Americans are struggling with rising prices for food, gasoline and rents. After the 2008 financial crisis, Wall Street firms that were criticized for their excesses have sometimes shied away from lavish gatherings or held them in private.

☆ Citadel celebrates banner year at Disney while Wall Street nurses losses
▼ + stars: | 2022-12-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 6 (Reuters) - For much of Wall Street, trading this year has been akin to riding a wild roller coaster. This year is shaping up to be a record for Citadel and Citadel Securities, the spokesman confirmed. The Citadel Global Fixed Income Fund is up 28.1% for the year, while Citadel Tactical Trading is up 22.4% and Citadel Equities Fund is up 17.8%, an investor said. Across Wall Street, firms are preparing for leaner times by cutting jobs and bonuses. After the 2008 financial crisis, Wall Street firms that were criticized for their excesses have sometimes shied away from lavish gatherings or held them in private.

☆ Billionaire Ken Griffin's Citadel is surpassing other multi-strategy hedge funds with double-digit returns this year. Here's how these funds did in October.
▼ + stars: | 2022-11-03 | by ( Alyson Velati | ) www.businessinsider.com time to read: +2 min

Performance at rivals like Millennium, DE Shaw, and Balyasny fell behind. Billionaire Ken Griffin's Citadel outpaced its rivals with a 1.52% gain in October, increasing the year-to-date performance to 30.7% and topping returns at rivals like Millennium, DE Shaw, and Balyasny, according to investor figures seen by Insider. Citadel Equities was up 0.6% in October, bringing year-to-date performance to 17.4%. DE Shaw saw a 1.6% jump through the month ending October and was up 22.6% year-to-date. ExodusPoint slightly jumped 0.5% in October and was up 4.5% year-to-date, according to a source familiar with the firm's performance.

☆ Citadel just snagged a new tech portfolio manager from a $38 billion hedge fund
▼ + stars: | 2022-10-13 | by ( Alyson Velati | ) www.businessinsider.com time to read: +1 min

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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