Citadel becomes the most profitable hedge fund in history
[ad_1]
Citadel’s hedge fund returned $16 billion to its clients last year, marking a record annual return for both the fund of US investor Kenneth Griffin and the industry. Moreover, as reported Forbesthis allowed Citadel to overtake Bridgewater in the list of the most profitable hedge funds in history according to LCH Investments experts.
The previous record for annual profits was held by investor John Paulson and his fund of the same name, who made $15 billion in 2007 betting against subprime mortgages.
The top 20 hedge funds earned a total of $22.4 billion for their clients last year, according to LCH, down from $65.4 billion in 2021, with Citadel accounting for the lion’s share of the profits.
LCH ranks funds by the returns they have returned to investors since their inception. The first rating was published in 2010, and then it was headed by the George Soros Foundation. For the past seven years, Bridgewater has held the title of most profitable fund. Last year, it earned $6.2 billion for investors, and its total profit for the entire history is now $58.4 billion. Citadel, thanks to its record-breaking 2022, managed to surpass the competitor in the LCH rankings – now its total profit since the company’s inception in 1990 is $65.9 billion.
[ad_2]
Source link
