(Bloomberg) — Ken Griffin’s Citadel will return about $5 billion of profits earned this year, bringing its assets under management to $67 billion, according to a person familiar with the matter.

The $5 billion of profits isn’t all that Citadel generated this year, the person said, asking not to be identified because the matter isn’t public.

Most Read from Bloomberg

• New York’s Congestion Pricing Is Working. Five Charts Show How

• With Mamdani, the Humble Bus Gets Its Due

• As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride

• When It Comes to US Transportation, 2025 Had Some Wins, Too

A spokesperson for Citadel declined to comment.

Griffin’s firm is on track for its worst annual return since 2018. The flagship fund gained 9.3% through Dec. 18, according to a person familiar with the results.

Last year, Citadel invited clients to cash out profits after a roughly 15% gain in its flagship strategy. The vast majority opted to keep their money in the high-performing flagship multistrategy fund. That invitation differed from prior years, when Citadel mandated that its investors take back profits.

CNBC reported earlier on Citadel returning the profits.

https://finance.yahoo.com/news/citadel-return-5-billion-hedge-163214588.html