Citadel Crushed It in May, Widening Lead Over Fund Rivals
- Griffin’s flagship funds gain 2.4% last month, 12.6% in year
- Cohen’s Point72 posts returns of 1% in May, 8.65% in year
Ken Griffin
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Ken Griffin’s good year keeps getting better.
In a month that saw stock markets roiled by the escalating U.S.-China trade war and global growth concerns, the billionaire’s three equity businesses led profits for Citadel’s flagship hedge funds, which gained 2.4%, according to a person with knowledge of the matter. The firm’s commodities and quantitative strategies were also top performers.