Ken Griffin's Citadel Investment Group Flagship Funds Up For '09
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After getting killed last year, Ken Griffin's Citadel Investment Group has produced positive returns for the first two months of 2009.
Citadel's flagship hedge funds Kensington and Wellington, which manage approximately $10 billion in assets, are up nearly 8% for 2009, according to The NY Post.
The Post said, Ken Griffin's funds gained approximately 5% in January and about 2.6% last month. The Kensington and Wellington funds reportedly did particularly well in market-making funds and equity-arbitrage investments.
These result contrasts with the large losses at Citadel last year that caused plenty of investors to withdrawal their money from Citadel. Griffin's positive return in the first two months of '09 is still just a drop in the bucket compared with the loss in assets in 2008.
Citadel's flagship hedge funds Kensington and Wellington, which manage approximately $10 billion in assets, are up nearly 8% for 2009, according to The NY Post.
The Post said, Ken Griffin's funds gained approximately 5% in January and about 2.6% last month. The Kensington and Wellington funds reportedly did particularly well in market-making funds and equity-arbitrage investments.
These result contrasts with the large losses at Citadel last year that caused plenty of investors to withdrawal their money from Citadel. Griffin's positive return in the first two months of '09 is still just a drop in the bucket compared with the loss in assets in 2008.
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