Citadel’s Market Maker Posts Record Revenue; Hedge Fund Surges
- Market-making arm made a record $7.5 billion last year
- The hedge fund division’s main vehicle rose 38% in 2022
This article is for subscribers only.
Citadel Securities raked in a record $7.5 billion in 2022, capitalizing on last year’s volatility and raising its presence as one of the largest trading units in the US.
Revenue for the market-making arm of billionaire Ken Griffin’s Citadel empire jumped 7.1% from the previous year’s $7 billion, a spokesperson confirmed. Citadel Securities has posted 12 consecutive quarters of net trading revenue in excess of $1 billion, he said.