Citadel had record revenues for hedge fund, securities ops in 2022

Jan 5 (Reuters) - Kenneth Griffin's Citadel marked

record revenues in its hedge fund and electronic-trading

businesses for 2022 despite turmoil in global capital markets,

the Wall Street Journal reported on Thursday, citing people

familiar with the matter. The hedge fund operation made about $28 billion in revenue,

while Citadel Securities, one of the world's biggest

electronic-trading firms, brought in $7.5 billion, the report

added. Citadel did not immediately respond to a Reuters request for

comment on the matter. The hedge fund was also expected to return about $7 billion

in profits to investors in the first week of January after a

stellar performance last year, a source familiar with the matter

had told Reuters in December. Fears of interest rate hikes and the Russia-Ukraine war

weighed on capital markets throughout 2022, leaving the

benchmark S&P 500 down about 19%, but hedge funds have

weathered the downturn better than other financial firms.

(Reporting by Manya Saini in Bengaluru; Editing by Devika

Syamnath)