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High-Speed Trading Helps Citadel Fund

Apr 13, 2014
Jing Chen

Citadel’s high-frequency trading strategy has helped the firm return more than 300% since its inception in 2007.

Bloomberg Businessweek reported that the $830 million fund, which added other strategies in the last couple of years, beat the 44% gain of the U.S. stock market in the six years through 2013. The article added that the fund rose 31% in 2008 when the S&P 500 Index of U.S. equities declined 37%.

The fund incorporated traditional market-neutral long-short equity trading to the offering in 2009 and began using statistical arbitrage in 2010. The high-frequency trading is now exclusively in non-equity futures.

Citadel, which has additional offices globally including San Francisco and Hong Kong, manages about $2.2 billion in its fixed-income fund. The firm has a total of about $16 billion in assets under management.

 

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