American investment fund Citadel will return $7 billion of profits to clients
[ad_1]
According to The Wall Street Journal And Reuters, the American investment fund Citadel decided to pay its clients $7 billion from the profits received at the end of the year. The fund is managed by financier Kenneth Griffin. His personal wealth is estimated at $35 billion, and he is ranked 38th on Forbes’ list of the world’s richest people and 21st on Forbes’ list of the richest people in the United States.
The total profit of the entire investment fund for the year is still unknown. However, according to media reports, the profitability of the operations of key hedge funds included in Citadel ranged from 7% to 15%. Experts note that against the general background of increased market volatility and economic instability this year, this result is very high. In 2022, when markets were more favorable after Covid restrictions were lifted, one of Citadel’s main funds, hedge fund Wellington LLC, returned 38%.
Citadel currently has assets under management totaling about $58 billion. According to sources cited by the WSJ, since 2018, Citadel has returned a total of $25 billion in profits to clients.
[ad_2]
Source link
