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Ken Griffin Making Good Use Of Time Remaining To Us

Citadel clients have a bunch more money to be rendered useless by the inevitable runaway inflation.
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By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

A couple of months ago, Ken Griffin told us that the end was not nigh, but nigh-ish (and when it comes, it won’t be you-know-who’s fault). That when the current business cycle ends, it’ll be very useful to have a couple of fortified compounds to which one can retreat. That the good news was there was still some time to earn what you’ll need to acquire and provision those compounds, perhaps by investing with Ken Griffin. And so far, he has not disappointed.

The Kensington and Wellington funds, which trade across asset classes, each rose 6.8 percent in the first seven months of the year, boosted by a 2.3 percent increase in July, a person familiar with the matter said….

Citadel’s Tactical Trading Fund, which uses equity and quantitative strategies, rose 3 percent last month, bringing year-to-date performance through July to 4.9 percent. The Global Equities Fund has returned 4.2 percent so far this year, after rising 1.3 percent in July. Meanwhile, the Global Fixed Income Fund surged 10.6 percent in the first seven months, and was up 0.8 percent last month….

The average hedge fund rose about 2.6 percent this year through July on an asset-weighted basis, according to data compiled by Hedge Fund Research Inc.

Citadel’s Flagship Funds Gain Almost 7% This Year [Bloomberg]



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