In 2024, Citadel's flagship hedge fund, led by Ken Griffin, experiences a 15.1% increase in performance.

In 2024, Citadel's hedge funds, managed by billionaire investor Ken Griffin, achieved double-digit returns, with their tactical trading strategy leading the way.

The Citadel's multistrategy Wellington fund, its largest, ended the year with a 15.1% increase in returns, according to a source. All five strategies employed in the flagship fund, including commodities, equities, fixed income, credit, and quantitative, were profitable for the year, the source stated.

The Miami-based firm's tactical trading fund outperformed other funds with a 22.3% return in 2024, according to the person. Citadel's equity fund returned approximately 18%, while its global fixed income strategy gained 9.7% last year.

As of December, the hedge fund giant had $66 billion in assets under management. Citadel declined to comment.

The S&P 500 surged 23.3% in 2023, building on a gain of 24.2% in 2022, resulting in a two-year gain of 53%, which is the best since the nearly 66% rally in 1997 and 1998.

Griffin recently criticized the steep tariffs that President-elect Trump has vowed to implement, stating that crony capitalism could be a potential outcome.

The CEO stated that he has no plans to take Citadel Securities public in the near future. The Miami-based market maker was founded in 2002 by a 56-year-old Florida native.