by Ken Griffin’s Citadel churned out a file $16 billion in revenue for shoppers final 12 months, outperforming the remainder of the business and one in all historical past’s most profitable monetary performs.
The prime 20 hedge fund companies collectively generated $22.4 billion in revenue after charges, in accordance to estimates by LCH Investments, a fund of hedge funds. Citadel’s acquire was the most important annual return for a hedge fund supervisor, surpassing the $15 billion that John Paulson generated in 2007 on his wager in opposition to subprime mortgages. This was described because the “best commerce ever” in a subsequent e-book of the identical title by Gregory Zuckerman.
