The powerhouse's multi-strategy flagship fund Wellington gained 0.7% last month, bringing its year-to-date performance through February to 2.8%. The strong numbers mirror the rally in stocks this year, with the S&P 500 rising more than 3% in the same period.
Meanwhile, Citadel's equities fund advanced 2.4%, while its global fixed income fund is 1.6% higher so far in 2023. record $16 billion in profitsCitadel's record-breaking gains topped the seven-year winner Ray Dalio's Bridgewater on LCH's top hedge fund manager list for 2022. It also outpaced the roughly $15.
This year however, US stocks have staged a comeback as investors anticipate the Fed will ease up on the pace of its interest-rate hikes as inflation cools. The Nasdaq is up about 12% so far this year, while the Dow Jones has risen about 0.76%.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
David Einhorn's hedge fund picks 3 stocks he is bullish on for 2023David Einhorn's hedge fund crushed the S&P 500 last year. These are the 3 stocks he's counting on for continued outperformance.
Source: BusinessInsider - 🏆 729. / 51 Read more »