Billionaire investor Ken Griffin, CEO of Citadel, announced strong double-digit returns for the firm’s hedge funds in 2024, driven by a successful tactical trading strategy. The largest fund, Wellington, achieved a 15.1% return, with all five strategies—commodities, equities, fixed income, credit, and quantitative—performing positively. The tactical trading fund led with a 22.3% return, while the equity fund rose approximately 18%, and the global fixed income strategy increased by 9.7%. Citadel manages $66 billion in assets as of December. Griffin also criticized President-elect Donald Trump’s proposed tariffs and indicated that an IPO for Citadel Securities is not currently planned.
