Citadel Wellington fund gains 1.38% in March, up 4.19% for year – investor

NEW YORK (Reuters) – Hedge fund Citadel’s flagship Wellington fund gained 1.38% last month when the failure of Silicon Valley Bank and Signature Bank (OTC:) triggered a sharp market selloff that sparked fears of a broader financial crisis.

The Citadel fund is now up 4.19% for the year, according to an investor in the fund.

Its other portfolios also reported gains, the investor said.

Citadel’s Tactical Trading fund is up 5.46% for the year and its Equities fund is up 4.56% for the year while the Global Fixed Income fund reported a gain of 1.77% for the year, the person who is not permitted to discuss performance publicly said.

A Citadel representative declined to comment.

(This story has been refiled with a corrected picture.)