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Citadel faces its worst annual return since 2018, with on-chain data showing significant losses in natural gas trading. As of December 18, the flagship fund returned 9.3%, with gains in equities and fixed income offsetting early-year commodity losses. Trading volume in energy markets has dropped sharply, reflecting weak performance. This could be the sixth year since 1990 with returns below 10%, as the firm increasingly bets on commodities.

Citing Odaily, Citadel, the hedge fund managed by billionaire Ken Griffin, is on track for its worst annual return since 2018 due to losses in natural gas trading, a previously key profit driver. As of December 18, the flagship fund returned 9.3%, with gains in equities, fixed income, credit, and quantitative strategies, though it faced early-year losses in commodities. This may mark the sixth year since 1990 with returns below 10%, highlighting the firm's growing reliance on commodity trading in recent years.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.