Citadel Funds Reportedly Gain 21% In '09
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Ken Griffin's Citadel Investment Group LLC gained 21% this year through May in its main funds as convertible bonds and stocks rose, according to Bloomberg.
Last year, the Wellington and Kensington funds fell 55%. These funds would actually have to climb another 84% before Citadel can charge clients performance fees once again.
The funds rose 6% in May by making money across a wide range of strategies, including convertible bonds, stocks and bets on interest rates.
Citadel suspended redemptions last year in the Wellington and Kensington funds, but did say it will determine each quarter to make payments to investors who seek redemptions. Ken Griffin has large personal investments in both funds.
Last year, the Wellington and Kensington funds fell 55%. These funds would actually have to climb another 84% before Citadel can charge clients performance fees once again.
The funds rose 6% in May by making money across a wide range of strategies, including convertible bonds, stocks and bets on interest rates.
Citadel suspended redemptions last year in the Wellington and Kensington funds, but did say it will determine each quarter to make payments to investors who seek redemptions. Ken Griffin has large personal investments in both funds.
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