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Hedge Fund

Citadel veteran to close Candlestick Capital

hedgeweek

5 months ago

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Jack Woodruff, a former Citadel equities trader who launched Candlestick Capital in 2019, is shutting down the $2.1bn hedge fund after performance failed to meet his “extremely high standards,” according to a report by Bloomberg.
The reports cites an investor letter as confirming the decision tp cease trading and return investor capital.
Candlestick is down ~7% YTD through October, following a 28% gain in 2024. The fund’s track record includes strong early returns — 36.5% in 2020 and 14.9% in 20...

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