- Ken Griffin's Citadel hired a group of scientists and analysts whose weather forecasts were more accurate than most meteorological offices in 2018.
- Citadel's bold bet on raw materials has paid off, helping the firm make a record $16bn in 2022.
- Citadel's institutional energy trading and commodities operation was a big benefit when the historically subdued gas market exploded into life.
- Citadel made $7bn-$8bn from commodities last year and reaped billions of dollars in 2021 just from betting on gas and power.
- Citadel's gains from gas and other commodities played a big part in its record 38.2 per cent performance last year.
How Citadel harnessed the weather to claim hedge fund crown
Bold bet on commodities plays large part in lifting Ken Griffin’s firm to record $16bn profit
Laurence Fletcher
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