(Chicago Tribune) In a year marked by poor performance among many major hedge funds, managers from Citadel to Millennium are on the upswing. After falling 5 percent in February and losing money in June and July, New York-based Coatue Management’s offshore fund rose 2.3 percent in September, according to a document obtained by Bloomberg. The $10 billion firm, run by Philippe Laffont and known for betting on technology companies such as PayPal Holdings Inc., gained 1.9 percent in the fund for the first nine months of 2016.
Citadel, Millennium Stage Comeback to Reverse Losses in 2016
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