Citadel, the firm founded by billionaire Ken Griffin, saw its flagship Wellington fund rise 8.1% by the end of June while Millennium rose 6.9%.
Mets owner Steve Cohen’s Point72, Ken Griffin ’s Citadel and Izzy Englander’s Millennium were among the top-performing hedge funds in the first six months of the year as big investment firms on Wall Street reboundedCitadel’s Tactical Trading Fund was up 13.7% in the first six months of the year, according to sources. Citadel founder Ken Griffin is pictured.Citadel saw its flagship Wellington fund rise 8.1% by the end of June while Millennium’s flagship fund rose 6.9%.
Nevertheless, the top-tier hedge funds’ performance continued to lag that of the S&P 500 index, which rose more than 16% during the same time period.US headed for a deep recession in near future as stocks could fall 30%, analyst warnsSchonfeld, the Long Island-based former family office which was converted into a hedge fund run by 37-year-old math whiz Ryan Tolkin, managed some of the biggest returns on investment in the first half of the year.
After reducing its headcount last year, the hedge fund has added 40 investment professionals in 2024, including eight portfolio managers, the source said.Quantitative equities, tactical trading, global macro, relative value and credit were among the most important investment strategies so far this year, a source familiar with the matter told Reuters.Izzy Englander, CEO of Millennium Management, is pictured above. The hedge fund’s flagship fund rose 6.9% in the first half of the year.
Hedge Funds Ken Griffin New York Mets Point72 Asset Management Wall Street
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