NEW YORK (Reuters) – Hedge fund Citadel’s flagship Wellington fund gained 1.38% final month when the failure of Silicon Valley Financial institution and Signature Financial institution (OTC:) triggered a pointy market selloff that sparked fears of a broader monetary disaster.

The Citadel fund is now up 4.19% for the yr, based on an investor within the fund.

Its different portfolios additionally reported features, the investor stated.

Citadel’s Tactical Buying and selling fund is up 5.46% for the yr and its Equities fund is up 4.56% for the yr whereas the World Mounted Earnings fund reported a achieve of 1.77% for the yr, the one that isn’t permitted to debate efficiency publicly stated.

A Citadel consultant declined to remark.