For most investors, 2022 was a challenging year. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all entered bear markets and fell for the year by 9%, 19%, and 33%, respectively.

But for one hedge fund, which has made a living by hedging its common-stock holdings with options trades, it was business as usual. I'm talking about Citadel Advisors, which is headed by billionaire money manager Ken Griffin.

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Source Fool.com