, billionaire money manager Ken Griffin, the head of Citadel, has guided his multi-strategy funds to 8.8% returns for the first half of 2018. The firm's flagship Kensington and Wellington funds, which gained 13% in 2017, climbed by 1.5% for the month of June alone. This strong first-half performance positions Griffin ahead of his primary rivals and 澳ღ洲幸运5官方开奖结果体彩网:continues the firm's extended winning streak, even❀ as the climate for hedge funds has been challenging at best in recent years.

Equity, Commodities, Fixed Income

According to a person with knowledge of the fund's performance who remained unidentified in Bloomberg's report, the strong first-half performance by the Kensington and Wellington funds was thanks to equity, commodities, and fixed-income strategies. At the same time, both 澳洲幸运5官方开奖结果体彩网:quantitative investments and credit also made money over that period.

At $30 billion, Citadel is outperforming its primary rival, Millennium Management, the fund of Izzy Englander. Millennium has seen its flagship fund up nearly 6% for the first half of the year, with little change in the month of June. In either case, though, both funds are troun🌃cing the general hedge fund sphere; overall, hedge funds have gained just 1.2% this year on an asset-weighted basis, as compared with 2.7% returns through June for the S&P 500 Index.

Multi-Strategy Funds Dominate

Multi-strategy funds more broadly have tended to outperform their peers in the hedge fund space early this year. The Double Black Diamond fund of Carlson Capital, for instance, gained 6.4% for the year through June. Empyrean Capital Partners, with about $3.5 billion in AUM, returned 4.8% in its hedge fund over the same period. Och-Ziff Capital Management Group LLC, the fund of prominent investor Dan Och, climbed by 4.4% over this period, while Highbridge Capital Management's multi-strategy fund brought in 2.4%, still outpacing the S&P for the period in question.

For Citadel, its Global Equities fund did not perform quite as well in June, gaining just 0.2%. Howeܫver, that fund has seen first-half performance levels of 5.2% gains. The Global Fixed Income fund remained steady in June, providing 7.1% returns overall for the first half of the year. The Tactical Trading fund, based on equity and quant approaches, climbed by 1.7% last month, with total gains of 7.8% for the year.

澳洲幸运5官方开奖结果体彩网:The success of Citadel and other multi-strategy funds may have inspired a resurgence in hedge fund launches. Michael Gelband's Exodu⛦sPoint Capital Management, which started trading in June with about $8 billi🐭on in assets, gained 0.42% for its first month. This is a record, marking the most successful first month ever for a hedge fund startup.