Here’s How the Biggest Hedge Fund Managers Did in the First-Half
- Citadel’s flagship funds gain 13.6% in first six months
- Multi-strategy managers on average are up 6% for the year
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It’s been the best start to a year for hedge funds in a decade, and the returns for the biggest multi-strategy money managers are in.
Ken Griffin, who runs the $30 billion hedge-fund firm Citadel, is beating his largest rivals, gaining 13.6% in the first six months of the year in his flagship funds, according to a person with knowledge of the matter. Those funds, Kensington and Wellington, are market neutral -- so their bullish wagers are matched by bearish ones. All five of the strategies that feed into them made money over the period, said the person.