One of the biggest names in hedge funds — Citadel — is showing renewed strength as 2025 draws to a close. According to multiple people familiar with its results, Citadel’s flagship Wellington fund gained 1.4% in November, pushing its year-to-date performance to 8.3%. Reuters+1
That is not the only positive news for the firm. Citadel’s Global Equities unit rose 2.5% in November, for a 13.2% gain year-to-date. Reuters According to a separate Business Insider summary of hedge-fund returns, all five of Citadel’s major strategies posted positive returns last month — a sign of broad-based momentum rather than reliance on one asset class or sector. Business Insider+1
Citadel’s turnaround is particularly notable given its size: as of 2024, it managed tens of billions in assets under management, placing it among the largest multi-strategy hedge funds globally. Wikipedia+1 With macroeconomic uncertainty, shifting interest rates, and equity-market volatility, the firm’s ability to deliver across strategies likely reinforces its reputation among allocators.
That said — Citadel remains in a challenging environment. The broader hedge-fund universe is enjoying strong performance and inflows, which may increase competition for investment opportunities and push valuations higher. But for now, Citadel’s November numbers and consistent gains across strategies suggest strong execution heading into 2026.