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Citadel's Kensington is still below mark, despite rebound

Despite this year's large bounce, Kensington must gain another 35% to reach its high-water mark and resume collecting incentive fees.

Citadel Investment Group's Kensington Global Strategies is staging a strong comeback after 2008, when the fund lost 54.95%. In July, Kensington gained 8.5%, bringing its year-to-date return to 43%. This year's big rebound by convertible arbitrage, one of Citadel's core strategies, no doubt helped. By comparison, the Absolute Return Multistrategy

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