Citadel's flagship Wellington fund posted 5.9% returns in July, its largest in years, after the company bought assets from collapsed Situational Awareness at discounted prices.
CNBC detailed that the return is the best since 2022 and pushed this year's gains to 12%. It follows the decision of buying most stocks held by the collapsed funds after it saw large losses resulting from margin calls and forced asset sales. Citadel managed some $71 billion in assets on July 1.
