Single-strategy funds pay off for Citadel

Citadel of investing

Citadel has raised standalone capital for its internal teams

In finance, as in comedy, timing is everything.

So when Citadel decided in 2008 to launch a series of single-strategy hedge funds, the timing seemed to be all wrong.

At the time financial markets were in turmoil and Citadel’s flagship multi-strategy funds were facing big losses, which would ultimately exceed 50% for the year.

However, Citadel is having the last laugh.

Five years on its single-strategy funds have produced stellar returns and now account for almost half of its $15 billion in hedge

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