Ken Griffin’s Citadel Beats Steve Cohen’s Point72 With 19% Gain in 2019
- Point72 posted an increase of about 16% for last year
- Millennium, Balyasny among multistrategy funds that rose
Ken Griffin
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Ken Griffin’s $30 billion Citadel saw its main multistrategy hedge fund soar 19.4% last year, topping rivals including Steve Cohen’s Point72 Asset Management.
Citadel’s Wellington fund gained across all five of the firm’s strategies after besting peers for most of the year, a person familiar with the returns said. Its Tactical Trading fund, a separate multistrategy fund that uses equity and quantitative approaches, rose about 20%. Point72 advanced about 16%, people said.