Citadel’s Wellington Fund Rose 1.7% in October as Peers Slid

Citadel’s Wellington fund gained 1.7% in October, lifting its 2026 return to 15.3% while most listed multistrategy funds lost ground during the month and remained behind Wellington year to date.

The comparison also showed positive returns for 2026 at each listed peer, despite their October declines.

LMR fell 0.8% for the month. Dymon Asia and Man Group’s 1783 fund each declined 1.8%, while Millennium Management and North Rock each lost 2.3%. ExodusPoint Capital dropped 2.4%, and Pinpoint Asset Management had the steepest fall at 4.5%.

For 2026, Man Group’s 1783 fund was up 8.9%, followed by Millennium at 5.7%, LMR at 5.6% and Dymon Asia at 5.1%. North Rock gained 2.7%, ExodusPoint 1.6% and Pinpoint 1.1%. Multistrategy funds use different trading approaches alongside diversification and risk controls to manage choppy markets.

The S&P 500 fell nearly 1% in October. The market reached a record early in the month before several major technology stocks declined. Meta and other prominent technology shares dipped Oct. 22 as oil prices surged.

Credit investors faced higher interest rates and a surge in corporate debt issuance as hyperscalers sought capital. Brazilian President Luiz Inácio Lula da Silva’s reelection also surprised macro traders.