Ken Griffin, founder and CEO of Castle, speaks all over The Unutilized York Occasions’ annual DealBook Zenith in Unutilized York Town, Dec. 4, 2024.
Michael M. Santiago | Getty Photographs
Billionaire investor Ken Griffin’s handful of hedge finances at Castle all posted double-digit returns in 2024, led by way of its tactical buying and selling technique.
Castle’s multistrategy Wellington capitaltreasury, its biggest, completed the yr up 15.1%, in line with an individual regular with the returns. All 5 methods old within the flagship capitaltreasury — commodities, equities, mounted source of revenue, credit score and quantitative — have been sure for the yr, the individual stated.
The Miami-based company’s tactical buying and selling capitaltreasury used to be the standout performer, with a 22.3% go back for 2024, the individual stated. Castle’s fairness capitaltreasury returned about 18%, past its world mounted source of revenue technique won 9.7%.
Castle declined to remark. The hedge-fund vast had $66 billion in belongings underneath control as of December.
The hold marketplace simply closed out a banner yr with the S&P 500 surging 23.3%, construction on a achieve of 24.2% in 2023. The 2-year achieve of 53% is the most productive because the just about 66% rally in 1997 and 1998.
Griffin just lately criticized the steep price lists President-elect Donald Trump has vowed to enforce, pronouncing crony capitalism can be a aftereffect.
The CEO additionally stated he’s no longer concerned with taking Castle Securities society within the foreseeable presen. The securities company is a Miami-based marketplace maker based by way of the 56-year-old Florida local in 2002.
