Investing
Citadel Defies Commodities Slump to Rack Up $4 Billion in Gains
- Hedge fund’s gains driven by its natural gas trading
- Performance rivals 2023 pace as competitors post declines
This picture shows the three giant gas storage tanks of Liquefied Natural Gas terminal in Fos-sur-Mer, France.
Photographer: Clement Mahoudeau/AFP/Getty ImagesThis article is for subscribers only.
Ken Griffin’s Citadel is on track to defy a sluggish year for commodities trading across Wall Street, burnishing the hedge fund’s image as a dominant force in the asset class.
Citadel’s commodities business generated about $4 billion of profit this year, driven by natural gas trading, according to people familiar with the matter. That puts it on track to rival last year’s performance.