Our favorite midwestern hedge fund is turning things around. Let’s get a show of hands for how many investors are retropsectively glad KG made them stick it out. He knows what’s best for you.
Citadel Investment Group LLC, the Chicago-based hedge-fund firm whose largest funds lost about 55 percent last year, in January posted its first gain in seven months, according to an investor.
The Kensington and Wellington funds, which together manage about $9 billion, returned an estimated 4.75 percent, said the person
Citadel made money on wagers in stocks, macro and convertible-arbitrage strategies, the investors said.