Citadel navigated April’s market chaos and generated a 1.3% gain in its flagship hedge fund last month, a person familiar with the matter said, outperforming the broader stock market.

The details

Citadel doesn’t disclose much to investors about where its multistrategy Wellington fund makes its money, but the performance of other funds it manages offers some clues of what worked for the firm in April. Citadel’s stocks-focused hedge fund gained 2.2% last month, while its tactical-trading fund and global fixed-income funds were up 1.9% and 1.2%, respectively, the person said.