Ex-Citadel managers’ FIFTHDELTA rebounds with 8.6% gain in volatile July
FIFTHDELTA, the $1.5bn hedge fund founded by former Citadel portfolio managers Niall O'Keeffe and Tio Charbaghi, generated an 8.6% return in July, capitalising on sharp market swings that caught many technology-focused managers off guard, according to a report by Bloomberg.
FifthDelta, a $1.5 billion hedge fund co-founded by ex-Citadel portfolio managers Niall O’Keeffe and Tio Charbaghi, experienced an 8.6% return in July, according to Bloomberg. This performance was driven by sharp market fluctuations and the fund's strategic investments in the industrial, automotive, and cyclical sectors. The fund's strong July gain followed a 5.6% increase in June, raising FifthDelta's year-to-date return to 7.5%.
The rebound came after the fund faced a decline of over 5% through the end of May. FIFTHDELTA declined to comment on the performance. The gains were notably different from many technology-focused hedge funds that suffered significant losses during the month, with several posting substantial declines.
Written by urgent.news from Hedgeweek's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
