This list shows the best hedge funds based on the returns of the top 20 stocks in their portfolio. For details, read how HedgeFollow ranks Hedge Funds.
All four of its main funds posted double-digit gains in 2023: The flagship Wellington fund jumped 15.3 percent; Citadel Tactical Trading Fund, also a multistrat fund, was up 14.8 percent; Citadel Equities, a long-short market-neutral fund, rose 11.6 percent; and Citadel Global Fixed Income climbed 10.9 percent.
All four of its main funds posted double-digit gains in 2023: The flagship Wellington fund jumped 15.3 percent; Citadel Tactical Trading Fund, also a multistrat fund, was up 14.8 percent; Citadel Equities, a long-short market-neutral fund, rose 11.6 percent; and Citadel Global Fixed Income climbed 10.9 percent.
Citadel LLC is one of the largest hedge funds based in the U.S., with approximately $92.46 billion in total assets under management as of Sept. 30, 2023. Citadel has generated roughly $74 billion in total gains since its inception in 1990, making it the most successful hedge fund of all time.
Hedges are not likely to go away, and it seems increasingly likely that the 1980s- and 1990s-style hedge fund management will adapt to survive more volatile times.
Goldman, which has helped launch and finance thousands of hedge funds, said almost all newcomers survive their first year but that only 62% of all funds remain in business after five years.
3 In exchange, the Securities and Exchange Commission (SEC) requires a majority of hedge fund investors to be accredited, which means possessing a net worth of more than $1 million and a sophisticated understanding of personal finance, investing, and trading.
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