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

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)