Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Mike Blake

Citadel, which manages more than $30 billion in assets, has profited from a strong performance in European natural gas and power trading, two of the sources said. Its flagship Wellington fund has gained more than 15% this year through October, one source close to the fund said.British and Dutch gas prices, benchmarks for Europe-wide gas sales as well as some liquefied natural gas markets, lost half their value from September 2018 through October 2019.

Hedge fund industry returns have been muted in recent years prompting some big names to wind down operations, such as Jamison Capital’s macro fund, T. Boone Pickens’ BP Capital and Andy Hall’s main hedge fund at Astenbeck Capital Management.

Thanks, but who is a hedge fund? Well it’s people that buy into it. Hundreds of Democrats, socialists (same thing) are making money on this, including probably your boss tweet commander

They are ewarren donors

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India’s Paytm Secures $1 Billion Investment From SoftBank, Ant FinancialThe parent of Indian mobile-payments startup Paytm has secured $1 billion from Japan’s SoftBank Group and China’s Ant Financial Services Group, giving it more firepower in a fast-growing but crowded market. Trump is tramping the U.S.
Source: WSJ - 🏆 98. / 63 Read more »