The US hedge fund of Ken Griffith, Citadel, has just shattered profit records.

Citadel marked $16 billion in profit (after fees) in 2022, making it the largest profit ever for a hedge fund.

Fund of funds LCH’s chairman Rick Sopher said of Citadel’s growth that it was due to a, “diversified firm with multiple sources of profits and active capital allocation and risk management.”

He added, “Their progress up the rankings in the past few years has been remarkable.”