Ken Griffin’s Kensington and Wellington hedge funds were able to make a little money in September when most of the global markets extended their slide to five straight months. The Citadel founder’s main hedge funds were up 0.25 percent in September, putting them up by about 15.10 percent for the year, according to sources, making them among the best performers this year.
The strong performance was led by its global equities strategy, which was up about 2.35 percent, say knowledgeable sources. More importantly, certain investors have finally gone over the high water mark. Sources say all investors should be able to reach that magic level once the funds climb another 6 or 7 percentage points.
Griffin’s September performance is especially impressive given the S&P 500 dropped 7.18 percent for the month while the global markets in general fell 10.11 percent, the worst performance since the 20.61 percent disaster in October 2008, according to Standard & Poor’s....
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