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Aaron Weitman’s CastleKnight Still Killing It with Annualized Net Returns of 29-30 Percent [Exclusive]

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Michelle deBoer-Jones
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CastleKnight Celestica CLS
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Aaron Weitman’s CastleKnight returned 2.4% for Class A-2 and 2.6% for Class B-2 net in the fourth quarter, versus the S&P 500’s 2.4% return and the Russell 2000’s nearly flat result of 0.3%. The Bloomberg U.S. HY Index was also flat at 0.2%, and the HFRI Event Driven (Multi-Strategy) Index gained 4.9% for the fourth quarter.

CastleKnight ended 2024 with net returns of 26.2% for Class A-2 and 27.3% for Class B-2. The S&P gained 25%, while the Russell 2000 rose 11.5%. The Bloomberg U.S. HY Index rose 8.2%, and the HFRI Event Driven (Multi-Strategy) returned 13.7% for the full year.

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As of the end of 2024, CastleKnight was approaching $2 billion...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.