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Ken Griffin's Main Citadel Funds Drop 8% in 2016 Market Swings

  • Surveyor stock unit accounted for three-fourths of losses
  • Other multimanager funds hurt by February market volatility

Ken Griffin’s Citadel posted declines of 8 percent in its main hedge funds this year through March 11, as the $25 billion firm lost money in a unit that has helped drive profits in recent years, according to people familiar with the firm’s performance.

The Surveyor arm, which trades equities across 29 teams, accounted for about three-quarters of Citadel’s losses during the first two months of the year, said one of the people.