Citadel to Return $7 Billion of Profit to Hedge Fund Clients

Ken Griffin’s Citadel plans to return about $7 billion to clients after double-digit gains in its multistrategy hedge funds over the past two years bumped assets to $63 billion.

The firm’s flagship Wellington fund gained about 15% through November, according to a person familiar with the matter, after a 38% gain in 2022. The Wall Street Journal reported Citadel’s plans earlier.