Citadel breaks records with $16bn profit

Ken Griffin’s Citadel made a $16bn profit for investors last year, the biggest dollar gain by a hedge fund in history and a haul that establishes his firm as the most successful of all time.

Citadel, which manages $54bn in assets, made a 38.1 per cent return in its main hedge fund and strong gains in other products last year, equating to a record $16bn profit for investors after fees, according to research by LCH Investments, run by Edmond de Rothschild.