From hedgefundinsight: Although Citadel Investment Group’s
flagship funds, Wellington Fund and the Kensington Fund, will rightfully get
attention for rising 25.9% and 24.9% respectively, the Chicago-based Groups’
investment success in 2012 was broad. All of the Citadel hedge funds were up by
more than 10% in a year when the HFRI
Fund Weighted Composite Index gained 6.2%.
The Tactical Fund, a $1.27 billion high-frequency trading
stock fund, reported a net return of 25.7 percent for last year, and the Global
Equities Fund made a gain of 17.8 percent. For the last named a positive return
is not unusual – for the last eleven years straight the Global Equities team at
Citadel have made a profitable contribution to the firm.
According to Citadel founder Ken Griffin’s letter to
investors: “Constant idea generation
fuels the success of our diversified investment portfolios. We believe that
much of our competitive advantage in security selection is driven by a
sophisticated understanding of the factors that move price. Our research
efforts focus on understanding what truly matters in a data-rich world.....” Yada yada yada….
No comments:
Post a Comment