U.S. hedge funds make money in April [Toronto Globe and Mail (Ontario, Canada)]
Morgan Stanley (MS)
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Source: Toronto Globe and Mail
U.S. hedge funds make money in April Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. Mike Blake/Reuters Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. Citadel, the Chicago-based hedge fund giant which relies on teams of traders to make bets on stocks, bonds, commodities and other securities, earned a 4% return in its flagship Wellington hedge fund last month, according to a performance estimate. The fund is now up 10% for the year, a person familiar with the numbers said. Similarly, Pershing Square Capital Management, th
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