- Citadel, Balyasny, ExodusPoint, and extra all made cash in November.
- Huge-name funds battled a uneven equities market, although shares bounced within the second half of the month.
- Many hedge funds outperformed the modest 0.1% achieve in November by the S&P 500 index.
Hedge funds’ greatest names had a strong November regardless of an early-month sell-off of scorching tech shares.
Citadel, Balyasny, and ExodusPoint all made cash within the month, individuals near the managers instructed Enterprise Insider.
Miami-based Citadel, run by billionaire Ken Griffin, was up 1.4% in its flagship Wellington fund. The fund has made 8.3% for the yr. The supervisor’s Tactical Buying and selling fund, which mixes the agency’s quant and flesh-and-blood stockpickers, is up 16.3% in 2025 after 2.6% achieve final month.
The $30 billion Balyasny continued its sturdy yr with a 2.5% achieve in November. The supervisor is now up 15.3% in 2025. ExodusPoint pushed its year-to-date returns to fifteen.6% with a 1.2% bump in November.
These companies and plenty of different multistrategy managers outperformed the S&P 500 final month; the index gained simply 0.1% due to an early-month sell-off of tech shares that was partially reversed by strong earnings from chipmaker Nvidia and strong iPhone sales by Apple.
The index for the yr has nonetheless made greater than 16% in 2025, which is bigger than many funds’ year-to-date positive factors.
The companies under declined to remark. Extra efficiency figures can be added to the desk and the article as they’re realized.