Investing
Ex-Citadel Duo’s Hedge Fund Gains 9% on Capping Swing Margin
The firm made money on short bets on car manufacturers and wagers on capital-goods stocks, according to a person with knowledge of the matter.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Former Citadel money managers Niall O’Keeffe and Tio Charbaghi made the most out of the market turmoil during the first quarter, beating some of the biggest hedge funds that suffered losses.
Their FIFTHDELTA hedge fund surged 9% in the three months through March, according to a person with knowledge of the matter. The gain helped the firm partly recover from the losses it suffered in 2023, the person said, asking not to be identified because the details are private.