Investing
Citadel Made More Than $4 Billion From Commodities in 2023
- Commodities business led by Barrack has been boon for Citadel
- Merchant-trading unit, European gas, power helped drive gains
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Citadel’s commodity-trading business made more than $4 billion in 2023, people familiar with the matter said, helping drive profits for one of the world’s largest hedge funds.
The gains came in part from strong performances by Citadel Energy Marketing, its merchant-trading business, as well as European gas and power trading, the people said.