off-the-wire

Citadel Wellington fund gains 1.38% in March, up 4.19% for year - investor

Kitco Media
By Reuters
Published:
Updated:
Reuters

NEW YORK, April 4 (Reuters) - Hedge fund Citadel's flagship Wellington fund gained 1.38% last month when the failure of Silicon Valley Bank and Signature Bank triggered a sharp market selloff that sparked fears of a broader financial crisis.

The Citadel fund is now up 4.19% for the year, according to an investor in the fund.

Its other portfolios also reported gains, the investor said.

Citadel's Tactical Trading fund is up 5.46% for the year and its Equities fund is up 4.56% for the year while the Global Fixed Income fund reported a gain of 1.77% for the year, the person who is not permitted to discuss performance publicly said.

A Citadel representative declined to comment.

Reporting by Svea Herbst-Bayliss
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