In May, Ken Griffin’s Citadel experienced a slight setback, losing 0.8% in contrast to several rivals who saw positive results. Schonfeld’s flagship fund, however, led in returns among major multistrategy managers this year. Despite this loss, Citadel’s 2024 returns ended at 7% by the end of May, still higher than the S&P 500 index which rose by more than 11% due to a nearly 5% increase in May driven by megacap stocks such as Nvidia.
Citadel’s competitors had a better month in terms of performance compared to Citadel. Schonfeld’s flagship fund saw an impressive 8.2% increase in returns during the first five months of 2024, with a 1.3% gain in May alone. Sculptor Capital also saw positive results, gaining 1.2% in May and achieving a return of 6.8% for the year so far.
While Point72 and Millennium had returns of 1% and 0.8%, respectively, bringing their 2024 gains to
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