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Citadel, one of the largest U.S. hedge funds, has around $92.46 billion in total assets under management and has gained $74 billion since 1990. Bill Ackman earned $610 million in 2023, ranking 7th on Bloomberg's list of top hedge fund founders. Ackman's Pershing Square team achieved a 26.7% gain last year. Citadel's commodity-trading business made over $4 billion in 2023, contributing to the fund's profits.
Huge sums have flowed into multimanager firms in the past few years, defying what has otherwise been a period of tepid asset growth in the hedge-fund industry. Among them, hedge-fund titans Steve Cohen, Izzy Englander and Ken Griffin are killing it. https://t.co/zuwNRDBN2N
The Hedge Funds That Changed the Game Billions of dollars have poured into multimanager firms in the past few years, but few have managed to match the success of Citadel, Millennium and Point72 via @mccabe_caitlin @rudegeair @WSJ #HedgeFunds https://t.co/cESDoANLY4
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. https://t.co/wUORYJFBbv via @Devikakrishnak @wealth #HedgeFunds
