By Anirban Sen

Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to a person familiar with the matter.

The firm’s other funds also notched positive monthly returns.

Miami-based Citadel’s Global Equities fund rose 2.5% in November and 13.2% for the year through November 30, the person said.

Its Tactical Trading fund posted gains of 2.6% in November and jumped 16.3% year-to-date, while its Global Fixed Income fund rose 1.1% in November and 8.5% year-to-date, the source said.

The month’s results from Citadel and other top hedge funds follows a selloff period in the markets, with the S&P 500 ending roughly flat in November.

Last month, Reuters reported that Wall Street’s biggest hedge funds reduced their exposure to the “Magnificent Seven” in the third quarter while taking new positions in software, e-commerce and payments companies.

Citadel Securities, which was founded by billionaire Ken Griffin, makes markets in stocks, ETFs, mutual funds and other assets globally on behalf of institutional investors, deploying its own balance sheet to help enhance liquidity.

(Reporting by Anirban Sen in New York and Prakhar Srivastava in Bengaluru)