The Wall Street Journal
Citadel, the hedge-fund operation with $54.5 billion under management, had about $28 billion in revenue, the people said. That far outstripped its prior record of $16.2 billion the year before. The separate Citadel Securities, one of the world’s biggest electronic-trading firms, had $7.5 billion in revenue, up from the prior record of $7 billion in 2021.
The $10 billion Brevan Howard Master fund gained 20%, while the $12 billion Alpha Strategies fund recorded its best ever year with a 28% surge.