PHDG - Griffin's Citadel makes more than $1B from commodity bets this year - Reuters

Ken Griffin's hedge fund, Citadel, made more than $1B this year from its investments in commodities, helped by gains in oil, power, natural gas, and agriculture markets, Reuters reports, citing three people familiar with the matter.The firm's flagship Wellington fund, which uses multiple strategies to invest in stocks, bonds, commodities and other securities, rose 21% this year through November, putting it on track for its best year since  2012.All five of the fund's core investment strategies posted positive returns for the year so far, one person said.Wild swings in the energy markets, caused by sinking fuel demand due to the pandemic, gave hedge funds and others the opportunity to profit from the market dislocations.The HGRI Fund Weighted Composite Index, which tracks the performance of the global hedge fund industry, rose 6.2% in November, its biggest monthly gain since December 1999; it's up 7.3% YTD.Global X Guru Index ETF ([[GURU]] +1.3%),

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Griffin's Citadel makes more than $1B from commodity bets this year - Reuters