Citadel Returns $7 Billion in Profits to Investors

Citadel, the hedge fund managed by billionaire Ken Griffin, plans to return approximately $7 billion in profits to investors after a year of double-digit returns. The firm's flagship multi-strategy Wellington fund has returned 14.8% this year through November. Citadel typically returns money to clients to maintain a manageable size and capitalize on future investment opportunities. With $58 billion in assets under management, Citadel has outperformed many of its peers. In addition, Griffin and billionaire David Geffen recently donated $400 million to the Memorial Sloan Kettering Cancer Center.