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Ken Griffin’s Citadel fund gains nearly 5% during January’s tech rout

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Ken Griffin, Founder and CEO, Citadel

Mike Blake | Reuters

Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in volatility and steep sell-off in growth stocks created an ideal environment for fast-money traders.

Citadel’s multistrategy flagship fund Wellington increased 4.71% last month, according to a person familiar with the returns.

Citadel’s global fixed income fund did even better with a 4.91% return, while its equities fund added 0.89% and its tactical trading strategy fund rose 1.79%, according to the source.

The firm’s stellar performance came when wild price swings, driven in part by the Federal…



Source cnbc.com

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