By Carolina Mandl
NEW YORK (Reuters) – Citadel’s flagship fund, Wellington, rose 2% in April, overcoming a month of pain for the , a source familiar with the matter said.
Sticky inflation data unveiled in April spread fears that the Federal Reserve might hold interest rates higher for longer than anticipated, driving stocks down. The S&P 500 fell 4.2% in the month.
From January through April, the hedge fund founded by Ken Griffin was up 7.8%, also beating the benchmark index, the source added.
Other Citadel investment strategies also posted strong performance last month. Its Tactical Trading and Global Equities both rose 3.3% each. They ended April with gains of 11.2% and 9.9% year-to-date, respectively.
The Global Fixed Income strategy was roughly flat last month, and was up 2% in the year to April 30.
