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Your Daily Brief For January 31st

Data out this week [showed](https://news.yahoo.com/citadel-makes-16-billion-top-000100561.html) that hedge fund **Citadel** broke profit records last year.

**What does this mean?**

The selling point of any hedge fund is its ability to make money in even the most trying market conditions, so last year’s financial earthquakes left them working overtime to dodge the falling masonry and turn a profit. And boy, did Citadel succeed: the fund manager made a series of savvy bets across all kinds of assets that carried its main hedge fund to an envy-inducing 38% return last year. Factoring in strong performances by other areas of the business, that amounted to a tidy $16 billion profit – the biggest dollar gain racked up by any hedge fund *ever*. That meant Citadel pipped Ray Dalio’s **Bridgewate

News Story

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encryptedEmail

ContentPieceQuery

viewer

query ContentPieceQuery(
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  $encryptedEmail: String
) {
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      roles {
        isAnonymous
      }
      ...SingleContentPiece_authorization
    }
    content(encryptedEmail: $encryptedEmail) {
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        __typename
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    }
    id
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}

fragment AudioOnlyBanner_contentPiece on ContentPieceInterface {
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  title
}

fragment Block_block on ContentPieceBlock {
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  ... on ImageBlock {
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  ... on QuoteBlock {
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}

fragment ContentMetadata_contentPiece on ContentPieceInterface {
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  byline
  consumptionTime
  dateUpdatedDisplay
  contentPieceType {
    name
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}

fragment ContentPieceSEO_contentPiece on ContentPieceInterface {
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  }
  subtitle
  firstPublishedAt
  id
  ... on PublicContentPiece {
    globalContentPieceId
  }
  byline
  seoTitle
  searchDescription
  canonicalLink
}

fragment ExploreMore_content_3M8Ve6 on Content {
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    edges {
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}

fragment ImageBlock_block on ImageBlock {
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fragment ListenButton_contentPiece on ContentPieceInterface {
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fragment MainContentSection_contentPiece on ContentPieceInterface {
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fragment MoreContentSection_content_11DhN6 on Content {
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fragment QuoteBlock_block on QuoteBlock {
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}

fragment ServerImage_image on URLImage {
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}

fragment SingleContentLarge_contentPiece on ContentPieceInterface {
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}

fragment SingleContentPiece_authorization on Authorization {
  roles {
    isPreviewingContentAllowance
    isPreviewing
    isAnonymous
    hasPremiumSubscription
  }
}

fragment SingleContentPiece_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...AudioOnlyBanner_contentPiece
  ...MainContentSection_contentPiece
  globalContentPieceId
  trackingTitle
  isPremium
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  hasChapters
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  contentPieceType {
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  chapters {
    __typename
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}

fragment SingleContentPiece_content_11DhN6 on Content {
  ...MoreContentSection_content_11DhN6
  anonymousUserHasPremium
}

fragment TextBlock_block on TextBlock {
  textMarkdown
}


Up High, Down Low For Hedge Funds

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Your Daily Brief For January 31st

Could These Obesity-Drug Stocks Make Your Portfolio Look Big?