Last month, hedge funds AQR and Citadel saw their flagship portfolios grow, outpacing the overall stock market’s double-digit losses.
Citadel’s multi-strategy Wellington fund had a little increase in May and currently has a year-to-date gain of 13%.
When the S&P 500 index (.SPX) finished flat in May, Ken Griffin’s Citadel advised investors that the fund gained 0.23 percent. The tiny gain in May followed a larger 7.45 percent gain in April when the S&P fell nearly 9%.
Citadel Equities is up 6.46% for the first five months of the year, while the firm’s Global Fixed Income fund is up 14.35%.
The firm’s Equity Market Neutral hedge fund has comfortably beaten the S&P in May, up 13.2% in the month. AQR has $117 billion in assets under management.
This report’s information was first seen on Reuters; to read more, click this link.
