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Citadel, Point72 Hammered by Monthly Losses in November Comedown

  • Englander’s Millennium also falls as multi-manager firms hit
  • These funds had managed to ride out October’s market rout
Izzy Englander, Ken Griffin, and Steve Cohen.
Izzy Englander, Ken Griffin, and Steve Cohen.Photographer: Ronda Churchill/David Paul Morris/Scott Eells/Bloomberg

Billionaires Ken Griffin, Izzy Englander and Steve Cohen posted monthly losses in November that rank among their worst ever as stock hedge funds dumped holdings at a rate not seen since the financial crisis.

Griffin’s Citadel lost about 3 percent last month, its poorest showing since the first quarter of 2016. Englander’s Millennium Management slid 2.8 percent, its third-worst month on record. Cohen’s Point72 Asset Management dropped about 5 percent, largely wiping out its 2018 gains, according to people familiar with the firms.