Portfolio > “2009-01-07 07:59:44”

Citadel Investment Group‘s main hedge funds lost 53 percent for 2008, Dow Jones reported, citing a person familiar with Citadel’s preliminary estimates.

The $10 billion Kensington and Wellington funds reportedly fell about 9 percent during the first 24 days of December, following a 13 percent loss in November, Dow Jones said. In 2007, the fund finished up 30 percent.

The news service noted that, while the drops are steep, Citadel has weathered the downturn better than some of its peers in the industry, due mainly to its size and financial flexibility.

Source: Dealbook